Ola Electric's board approved a rights issue of partly paid-up equity shares to raise up to Rs 1,000 crore, per regulatory filing Monday. The move follows approval to raise up to Rs 1,500 crore weeks ago and a Rs 780 crore QIP in June that exceeded its Rs 500 crore target. Record date, issue price, number of shares, timing and payment schedule are yet to be finalised.
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