OLAELEC : ALLOTS 37.02 CR PARTLY PAID-UP SHARES IN RIGHTS ISSUE

• Rights Issue Committee approved allotment of 37,02,72,665 partly paid-up equity shares at an issue price of ₹27 per share • ₹16.20 per share (including premium of ₹10.20) paid on application; balance payable on first and final call • Paid-up equity share capital rises from ₹4,628.41 Cr to ₹4,850.57 Cr, comprising 4,62,84,08,313 fully paid and 37,02,72,665 partly paid (₹6 paid-up) shares • Basis of allotment finalised in consultation with designated stock exchange NSE

Ola Electric Mobility Limited

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