Ola Electric Jumps 10% After ₹780 Cr QIP, Eyes ₹1,500 Cr Total Raise
Ola Electric surged 10% intraday to ₹49.01, lifting m-cap to ₹22,475.5 Cr, days after closing a ₹780.24 Cr QIP — 21.75 Cr shares at ₹35.86, oversubscribed 56% — backed by Goldman Sachs, Motilal Oswal and Mirae. Proceeds: ₹225 Cr debt, ₹335 Cr growth. FY26 net loss stands at ₹1,833 Cr on ₹2,460 Cr revenue.
Ola Electric shares jumped 10% intraday amid new-age tech stock rally, days after the EV two-wheeler maker raised ₹780 Cr via QIP from Goldman Sachs, Motilal Oswal and others, part of a ₹1,500 Cr fundraise plan.
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