Ola Electric shares rise 11% in a week as rights issue is fully subscribed
Ola Electric shares gained 4.95% on Wednesday, and its Rs.1,000 crore rights issue was fully subscribed before the market close. The issue closes on October 30.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Ola Electric Mobility shares closed 4.95% higher on Wednesday at Rs.36.68 on BSE, extending a winning streak over five trading sessions. The stock gained about 11% over the week and nearly 22% over the last two sessions. Its market capitalisation stood at Rs.18,335.16 crore.
The main focus is the rights issue of partly paid-up equity shares, worth up to Rs.1,000 crore, which was fully subscribed by Wednesday's close. Business Standard reported this, citing subscription data. The issue price is Rs.27 per share, and the offer closes on Friday, October 30.
Over longer periods the shares remain weak, however. They have fallen 1.37% in one month, 27.82% in one year and about 51.91% in two years.
why it matters
Full subscription to the rights issue reduces the risk of a failed placement and signals continued interest from existing shareholders. A sharp rebound after a long decline does not change the underlying picture, so the final subscription figures will be a clearer signal for investors.
tags
instruments
sources
- Ola Electric stock jumps 11% in week; rights issue fully subscribed ahead of closing date — Check key details, 28 October 2026 at 19:34 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗