Ola Electric promoter Bhavish Aggarwal pledges 4.32% stake to fund rights issue

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 04 Oct, 14:08 UTC

Last week, Ola Electric’s board approved a rights issue of partly paid-up equity shares to raise up to Rs 1,000 crore. The board is yet to finalise key terms of the issue, including the total number of shares, issue price, timing and payment terms.

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Sources

• T1Ola Electric promoter Bhavish Aggarwal pledges 4.32% stake to fund rights issueEconomic Times — Tech / Technology / Startups / ETTelecom04 Oct, 14:08