Ola Electric Mobility Ltd, the electric vehicle arm of ride-hailing major Ola, saw its shares drop by nearly 5% on Monday after the company’s board approved a fresh fundraising plan. The move, while aimed at strengthening the company’s balance sheet and fueling its next phase of growth, has raised concerns among investors about potential equity dilution and the timing of the capital raise amid ongoing market volatility.
According to regulatory filings, Ola Electric’s board has cleared a proposal to raise fresh funds through a mix of equity and debt instruments. While the exact size of the round has not yet been disclosed, industry insiders suggest the company could look to raise between INR
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