Ola Electric pulls in Rs 780 Cr QIP, oversubscribed 56% with Goldman, top MFs piling in
First post-listing equity raise lands at Rs 35.86/share, below floor, but books were 1.56x covered. Goldman Sachs, BNP Climate Fund and four marquee Indian MFs anchor the round. Proceeds fund debt paydown and growth as Q4 loss narrows to Rs 500 Cr — though revenue halved YoY to Rs 265 Cr.
Ola Electric raised Rs 780 crore via QIP, oversubscribed 56%, with participation from Goldman Sachs and major Indian mutual funds. First major equity raise post-listing; capital to fund debt repayment and growth as losses narrow but revenue declines.
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- YourStory · Capital — Same time