New Delhi, Oct. 24 -- Electric two-wheeler manufacturer Ola Electric is set to hold a board meeting on Saturday, October 25 to consider a proposal for raising capital by issuing equity shares or any other eligible securities, according to a stock exchange filing.

The board will evaluate raising funds via methods such as private placement, qualified institutional placement (QIP), preferential issue or a combination of these, subject to regulatory and company shareholders' approval.

This development comes over a year after Ola Electric raised Rs.5,500 crore through a fresh issue in its initial public offering (IPO) in August 2024.

In May this year, the company got a nod from the board to raise up to Rs.1,700 crore via the issuance of non...