Ola Electric approves ₹1,000-crore rights issue. Ola Electric's board approved a rights issue of ₹999.74 crore, comprising 37.03 crore partly paid-up equity shares priced at ₹27 each. The company has fixed October 13 as the record date to determine eligible shareholders. The issue will open on October 22 and close on October 30, with two rights shares offered for every 25 shares held.