Ola Electric closes ₹780 Cr QIP at 5% discount to floor price
Ola Electric allotted 21.75 Cr shares at ₹35.86 apiece, raising ₹780.2 Cr against a ₹1,500 Cr board mandate. The 5% discount to the ₹37.74 floor signals tepid institutional appetite as E2W competition from TVS, Bajaj and Ather erodes its share, with proceeds aimed at shoring up the balance sheet.
Ola Electric allotted 21.75 Cr shares at ₹35.86 apiece, raising ₹780.2 Cr against a ₹1,500 Cr board mandate. The 5% discount to the ₹37.74 floor signals tepid i
Inc42 · 6/4/2026, 2:43:16 PM · Ask about this →