Motilal Oswal Financial Services and Calliope Capital Advisors, an investment vehicle associated with Motilal Oswal, have applied for a combined 2.39 crore shares under Ola Electric Mobility’s Rs 1,000-crore rights issue on the opening day on Thursday.
According to a stock exchange filing, Motilal Oswal applied for 1.28 crore shares and Calliope Capital for 1.10 crore. The rights entitlements were renounced in favour of the investors by two Ola Electric promoters — ANI Technologies, the parent of Ola Cabs, and Indus Trust.
