{
  "id": 12538913,
  "title": "Ola Electric gets in-principle approval for ₹1,000-crore rights issue, board to decide key terms",
  "url": "https://urgent.news/2026/10/07/ola-electric-gets-in-principle-approval-for-1-000-crore-rights-issue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T03:55:17.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/ola-electric-gets-in-principle-approval-for-1000-crore-rights-issue-board-to-decide-key-terms/article71554198.ece"
  },
  "original_language": "en",
  "account": null,
  "summary": "Ola Electric Mobility has received in-principle approval from stock exchanges for its proposed rights issue of up to ₹1,000 crore, with the board to meet on October 7 to decide key terms. The company has pledged a 4.32% stake by promoter Bhavish Aggarwal for this purpose, with the rights issue involving partly paid-up equity shares at a face value of Rs 10 each.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}