Ola Electric board to consider fresh funding plans at October 25 board meeting
Electric two-wheeler manufacturer Ola Electric is set to hold a board meeting on Saturday, October 25 to consider a proposal for raising capital by issuing equity shares or any other eligible securities, according to a stock exchange filing.
The board will evaluate raising funds via methods such as private placement, qualified institutional placement (QIP), preferential issue or a combination of these, subject to regulatory and company shareholders’ approval.
