{
  "id": 12794125,
  "title": "Ola Electric shares drop 4% as EV maker plans Rs 1,000 crore rights issue",
  "url": "https://urgent.news/2026/10/08/ola-electric-shares-drop-4-as-ev-maker-plans-rs-1-000-crore-rights",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T02:32:16.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/ola-electric-shares-in-focus-as-ev-maker-plans-rs-1000-crore-rights-issue-stock-up-63-from-52-week-low/articleshow/134777990.cms"
  },
  "original_language": "en",
  "account": "On October 8, shares of Ola Electric Mobility experienced a decline, falling by up to 3.63% to a low of Rs 35 each on the NSE. The electric vehicle manufacturer had approved a rights issue to raise up to Rs 1,000 crore through partially paid-up equity shares. Following the decisions made on October 7, Ola Electric shares were trading at Rs 35.22 each on the NSE, marking a 3.0% decrease from the previous close of ₹36.32. Throughout the trading session, the stock fluctuated between Rs 35 and Rs 36.08. As of the current market price, Ola Electric had a market capitalization of approximately Rs 16,334 crore on the NSE.",
  "summary": "The company's board approved the terms of the rights issue at its meeting held on Wednesday, October 7, following the in-principle approvals received from BSE and NSE on October 6.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Ola Electric plunges nearly 10% as ₹1,000-cr rights issue puts shareholders in a bind",
        "url": "https://urgent.news/2026/10/08/ola-electric-plunges-nearly-10-as-1-000-cr-rights-issue-puts",
        "published": "2026-10-08T16:34:14.000Z"
      }
    ]
  },
  "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."
}