Trilegal has advised Ola Electric Mobility Limited on its qualified institutions placement (QIP) aggregating up to INR 780.24 crore.
The investors on this QIP included Goldman Sachs, BNP Climate Fund, Mirae Asset Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, JM Financial Mutual Fund and Baroda BNP Paribas Mutual Fund, among others.
“Pursuant to the aforesaid allotment, the paid-up equity share capital of Ola Electric Mobility has increased from INR 44,108,298,850 comprising 4,410,829,885 Equity Shares of face value of ₹10 each to INR 46,284,083,130 comprising 4,628,408,313 Equity Shares of face value of INR 10 each,” Ola Electric disclosed in an exchange filing.
Ola Electric Mobility is a vertically integrated energy and mobility platform, with deep in-house capabilities across electric vehicles, lithium-ion cell technology and battery energy storage system.
The Trilegal Capital Markets Practice team advising on the mandate was led by partner Vijay Parthasarathi and comprised counsel Saurav Das, senior associate Shashwat Raj Solanki and associates Anandhakrishnan K, Jasmine Manekshaw and Trainee Associate Krishnapriya Mohan.
