Ola Electric board approves ₹1,500 crore fund-raise via securities
Ola Electric’s board has approved a proposal to raise up to ₹1,500 crore through the issuance of equities or convertible securities such as warrants, American or Global Depository Receipts and other permissible instruments. The electric vehicle maker did not specify the exact use of funds but indicated multiple fundraising routes including rights issue, qualified institutional…