OIa Electric rights issue: Last day to buy EV scooter maker’s shares to be eligible for Rs 1,000 crore rights issue
NSE is in focus in a corporate actions development.
· ET Stocks, Economic Times Markets
The Bhavish Aggarwal-led company last week fixed the issue price for its rights issue at Rs 27 per equity share, around 23% lower than the stock’s previous closing price of Rs 35.13 apiece on NSE, with the amount payable in two calls.
The analysis
NSE reported Rs 1,000 crore, Rs 27 and Rs 35.13, with movement of 23% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
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