Ola Electric Mobility Limited (OLAELEC)
Ola Electric Mobility Limited has informed the exchange regarding outcome of Board Meeting dated May 15, 2026
Board approved investment in wholly-owned subsidiaries Ola Cell Technologies and Ola Electric Technologies.
- Investment in OCT: Rs 500 Cr via 50 Cr Compulsory Convertible Preference Shares.
- Investment in OET: Rs 1500 Cr via 150 Cr Compulsory Convertible Preference Shares.
- Both remain 100% owned subsidiaries.
- Investments support business requirements.
- Completion expected by May 14, 2027.
Source: Original filing PDF
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Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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