Ola Electric to consider share rights issue
India's Ola Electric Mobility announced plans to evaluate a fundraising proposal through a rights issue of shares. The e-scooter manufacturer will review the initiative during a board meeting scheduled for September 28.
Insights:
India's Ola Electric Mobility will consider raising capital through a rights issue of shares on September 28. The e-scooter manufacturer announced the upcoming board evaluation in a regulatory filing on Wednesday. The move comes as electric vehicle makers face intensifying market competition across the region.
