Ola Electrical Mobility Ltd. is eyeing a debt fundraising in lower than a 12 months since its preliminary public providing.
The board of the Bengaluru-based EV maker authorized a proposal to lift as much as Rs 1,700 crore by means of time period loans, non-convertible debentures or every other debt securities in a number of tranches on a personal placement foundation, based on an change submitting on Thursday. The fundraising must be throughout the borrowing limits authorized by shareholders.
On Thursday, Ola Electrical shares closed 0.27% greater at Rs 51.50 apiece on the BSE even because the benchmark Sensex ended the day 0.79% decrease at 80,951.99 factors.
