Ola Electric pulls Rs 780 Cr via QIP, oversubscribed 56% by global and Indian institutions
Goldman Sachs, BNP Climate Fund, and four Indian mutual funds anchored the issue, priced at Rs 35.86 against a Rs 37.74 floor. Capital earmarked for EV expansion, battery tech, and manufacturing scale-up — a balance-sheet reset as the stock closed at Rs 43.06 amid volatile markets.
Ola Electric raised Rs 780 crore via a QIP oversubscribed 56%, drawing global and Indian institutional investors. Proceeds will fund EV expansion, battery tech, manufacturing scale-up, and product innovation, strengthening its balance sheet amid volatile markets.
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