Ola Electric Mobility Limited — Board Meeting, 22-05-2025: Outcome of Board Meeting

Ola Electric Mobility Limited has announced a board meeting to approve raising up to Rs. 1700 Cr through term loans, working capital facilities, or issuance of Non-Convertible Debentures in one or more tranches via private placement or other methods. This move aims to boost the company’s financial flexibility. No updates on dividends, mergers, or appointments were shared. Trading remains halted until 48 hours after the upcoming financial results announcement.