Ola Electric Board Approves To Raise INR 1,700 Cr Debt

ola Electric’s board has approved a plan to raise up to ₹1,700 crore through debt. This could include non-convertible debentures (NCDs), term loans, working capital loans, or other types of debt.

The company said in a filing that the funds may be raised in one or more phases or through multiple issuances.

This approval is within the limits shareholders approve and is meant to help the company grow and manage its operations. 

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The company also noted that its trading window has been closed since April 1, 2025, and will reopen 48 hours after it announces its financial results.

This move comes at a time when the company is dealing with more regulatory pressure and financial difficulties.

In January, SEBI warned Ola Electric for breaking disclosure rules by announcing its retail expansion on social media before informing the stock exchanges.

The next month, questions were raised when the company claimed to have sold 25,000 vehicles, but only 8,600 were registered in the VAHAN database. Ola Electric said the difference was due to delays from its vendors.

Ola Electric is currently facing a tough time. Its share price has fallen by around 30% since its IPO, and it's dealing with strong competition from companies like Bajaj Auto and TVS Motor in the electric two-wheeler market.

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