Ola Electric pulls in ₹780 cr QIP at 5% discount as revenue halves

Ola Electric raised ₹780 crore via QIP, oversubscribing its ₹500 crore target. Goldman Sachs, BNP Climate Fund and four domestic MFs took 217.6 million shares at ₹35.86 — a 4.98% discount to floor. Cash arrives as Q4 revenue fell 56.6% YoY to ₹265 crore and net loss narrowed to ₹500 crore.

Ola Electric raised ₹780 crore via QIP, oversubscribing its ₹500 crore target. Goldman Sachs, BNP Climate Fund and four domestic MFs took 217.6 million shares a

Business Standard · Companies · 6/4/2026, 5:03:11 PM · Ask about this →

Ola Electric + BNP Climate Fund + Goldman Sachs + JM Financial Mutual Fund + Kotak Mahindra Mutual Fund + Mirae Asset Mutual Fund + Motilal Oswal Mutual Fund +