Ola Electric Gets Board Nod To Raise INR 1,700 Cr Debt

Ola Electric will raise the amount via NCDs, term loans, working capital facilities, or any other eligible debt securities

The company said that the debt can be raised in one or more tranches and/ or by way of one or more issuances

Shares of Ola Electric ended today’s trading session 0.27% higher at INR 51.5 on the BSE

EV major Ola Electric’s board has approved a proposal to raise up to INR 1,700 Cr debt via non-convertible debentures (NCDs), term loans, working capital facilities, or any other eligible debt…