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The Economic Times
The Economic Times
Technology

Ola Electric board approves Rs 1,000 crore fundraise via rights issue

Ola Electric Ather Energy Vahan

The board of Ola Electric approved a rights issue of partly paid-up equity shares to raise up to Rs 1,000 crore, the electric two-wheeler maker said in a regulatory filing on Monday.

It comes weeks after the Bengaluru-based company approved plans to raise up to Rs 1,500 crore .

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