May 22, 02:41 PM

Ola Electric to Raise ₹1,700 Crore via Non-Convertible Debentures on Private Placement; Hindustan Copper Plans ₹500 Crore Fundraise

Ola Electric, an electric scooter manufacturer led by Bhavish Aggarwal, announced plans to raise up to ₹1,700 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. This fundraising marks the company's first capital raise since its initial public offering (IPO) in August 2024. The board has approved the debt funding to support and accelerate Ola Electric's electric vehicle (EV) growth strategy. Separately, Hindustan Copper is also considering raising up to ₹500 crore via NCDs or bonds on a private placement basis, with a decision expected on June 27, 2025.

#Ola Electric #Bhavish Aggarwal #Hindustan Copper

Written with ChatGPT (GPT-4).

Sources

Moneycontrol@moneycontrolcom
9 months ago
Ola Electric to raise ₹1,700 Cr via debt instruments. The board clears funding to supercharge its EV journey.⚡ Details here 👇 https://t.co/WKpesGx0Mt #OlaElectric #EV #GreenMobility #DebtFunding #AutoTech
ET NOW@ETNOWlive
9 months ago
Ola Electric fundraising update: First-ever since IPO! Bhavish Aggarwal's EV scooter maker to raise THIS MUCH https://t.co/fk8k1j8GEa
ETtech@ETtech
9 months ago
🚨🚨 @OlaElectric to raise funds for the first time since its IPO in August last year. https://t.co/NxoVDcCgeC

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Ola Electric to Raise ₹1,700 Crore via Non-Convertible Debentures on Private Placement; Hindustan Copper Plans ₹500 Crore Fundraise

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