Shares of Ola Electric Mobility Ltd slipped 3 per cent in Thursday’s trade after the company said it will consider raising fresh capital this weekend, fueling investor worries over potential dilution of existing equity.

Shares of Ola Electric slipped on Thursday, falling as much as 2.56 per cent to hit a day’s low of Rs 52.02 on the BSE, against the previous close of Rs 53.39 apiece. At the last check, the stock was trading 1.67 per cent lower at Rs 52.52. The counter has lost 8.2 per cent over the past three trading sessions. Advertisement

In a filing to the stock exchanges, dated October 22, the EV manufacturer outlined its plans. "We wish to inform you that a meeting of the Board of Directors of the Company has been convened on Saturday, October 25," the filing stated. The primary ag

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