Ola Electric Subsidiary Allots ₹400 Crore Preference Shares to Fellow Unit

Bengaluru, October 8, 2025: Ola Electric Mobility Limited announced that its material subsidiary, Ola Electric Technologies Pvt Ltd (OET), has approved the first tranche allotment of 40 crore Series A Optionally Convertible Redeemable Preference Shares (OCRPS). The allotment is worth ₹400 crore, and the shares are allotted to Ola Cell Technologies Pvt Ltd (OCT) on a preferential basis through private placement.

As of 10:00 AM, the shares of Ola Electric Mobility Limited were down by 0.87%, or 0.46 points, and were trading at ₹52.15. Until now, the shares have traded within a range of ₹52.95 and ₹52.11.

Allotment Approved Today

OET’s board approved the allotment at its meeting held on October 7, 2025, which commenced at 6:30 p.m. and concluded at 7:00 p.m. IST. The company noted that subsequent tranches will be announced as and when additional funds are infused and further allotments are executed.

Ola’s Funding and Restructuring Framework

The preference share allotment aligns with Ola Electric’s broader funding and restructuring strategy following its IPO. The move is aimed at enhancing capital efficiency and facilitating intra-group capital deployment among its subsidiaries engaged in electric mobility and cell manufacturing.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e7fa136a-775d-48bc-ab25-26c9d5d871ea.pdf

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