{
  "id": 9361640,
  "title": "Zelio E-Mobility To Raise ₹168 Cr Via Preferential Issue",
  "url": "https://urgent.news/2026/09/23/zelio-e-mobility-to-raise-168-cr-via-preferential-issue",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-23T15:09:43.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/zelio-e-mobility-to-raise-%e2%82%b9168-cr-via-preferential-issue/"
  },
  "original_language": "en",
  "account": "Zelio E-Mobility, an EV manufacturer, announced plans to raise ₹168 Cr through a preferential issue of equity shares and convertible warrants. The company will issue up to 9.73 Lakh equity shares at ₹853 per share, with four non-promoter investors receiving a total of ₹83 Cr. Additionally, promoters Niraj Arya, Deepak Arya, and Kunal Arya will issue over 9.96 Lakh convertible warrants, raising an additional ₹85 Cr. The warrants can be converted within 18 months, and the promoters will pay 25% of the amount upfront. After the full conversion, the promoter group's stake will dilute from 72.8% to 70.9%. The company seeks shareholder approval via an EGM scheduled for October 20. Zelio, founded in 2021, manufactures low-speed electric scooters and operates in over 25 states with 300 dealers. The company plans to expand its manufacturing capabilities and dealership network in the coming years.",
  "summary": "Electric vehicle (EV) manufacturer Zelio E-Mobility’s board of directors approved a proposal today to raise up to ₹167.95 Cr via…",
  "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."
}