{
  "id": 12652506,
  "title": "Ola Electric board approves rights issue at 26% discount; shareholders to pay in two calls",
  "url": "https://urgent.news/2026/10/07/ola-electric-board-approves-rights-issue-at-26-discount-shareholders",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T14:09:43.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/ola-electric-board-approves-rights-issue-at-26-pc-discount-shareholders-to-pay-in-two-calls/articleshow/134768186.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Ola Electric has announced a rights issue price of Rs 27 per share, significantly below its market value, aiming to garner up to Rs 1,000 crore. Investors will pay 60% of this amount upfront, with the remainder due later. Chairman Bhavish Aggarwal intends to fully subscribe to his portion, using a pledged stake. This funding could ease debt burdens and assist the company in achieving cash…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "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",
        "published": "2026-10-07T03:55:17.000Z"
      }
    ]
  },
  "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."
}