Ola Electric Rights Issue and AvenuesAI Reverse Stock Split: Last Day to Buy Before the 13 October Record Date, Rs 27 Issue Price, 2 for 25 Ratio, 10 for 1 Consolidation, How It Works and the Risks

Ola Electric rights issue and the AvenuesAI consolidation are two corporate actions with the same record date, which is why they appear together in the list of stocks to watch before the deadline. Under T+1 settlement, shares must be bought by 12 October to appear in the demat account on the record date of 13 October.

If you hold or plan to buy either stock, this article covers the Ola Electric rights issue terms and an example, what a rights issue does to you, how the AvenuesAI consolidation works, a side-by-side comparison, a checklist for the last day, the risks and what to watch next.

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Ola Electric Rights Issue: Terms at a Glance

Item	Detail
Issue size	Up to 37.03 crore partly paid equity shares, about Rs 999.74 crore if fully subscribed and all calls are paid
Issue price	Rs 27 a share (face value Rs 10 plus Rs 17 premium), about 26% below the cited market price of Rs 36.32
Entitlement	2 rights shares for every 25 fully paid shares held
Record date	13 October 2026; last day to buy is 12 October
Issue period	Opens 22 October and closes 30 October
Renunciation	Last date for on-market trading of entitlements is 26 October
Payment	Rs 16.20 (60%) on application; Rs 10.80 (40%) on the first and final call, on or before 31 October 2027
Share count	Rises from about 462.84 crore to about 499.87 crore if fully subscribed
Use of funds	About Rs 350 crore for debt repayment, about Rs 400 crore for organic growth and the rest for general purposes

The Ola Electric rights issue is partly paid, so you pay only 60% now and the balance is a deferred obligation.

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An Example of the Ola Electric Rights Issue

Step	Calculation	Result
Shares held on record date	100	Entitled to 8 rights shares (100 times 2 divided by 25)
Cost at Rs 27	8 times Rs 27	Rs 216 in total
Payable on application	8 times Rs 16.20	Rs 129.60
Payable by 31 October 2027	8 times Rs 10.80	Rs 86.40
Theoretical price after the issue	(25 times Rs 36.32 plus 2 times Rs 27) divided by 27	About Rs 35.6, my simple estimate that ignores the partly paid structure

The example shows the Ola Electric rights issue effect: the price per share adjusts down slightly, and holders who do not subscribe or sell their entitlements are diluted by about 8%.

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What the Ola Electric Rights Issue Means for Shareholders

1. Subscribe: pay Rs 16.20 per share on application and keep your ownership share.
2. Sell the entitlement: trade it on the market until 26 October and take its value in cash.
3. Do nothing: the entitlement lapses, you are diluted and you may lose the value of the discount.
4. Promoter role: Bhavish Aggarwal has said he will subscribe on the same terms, and reports say he pledged a 4.32% stake only to fund this, with no shares being sold.
5. Use of funds: debt repayment and growth spending, which matters because about Rs 350 crore is earmarked for debt repayment.

The rights price is below market by design, but the Ola Electric rights issue is still a call on a company whose own business, and not the discount, decides the outcome.

AvenuesAI Reverse Stock Split: How the 10 for 1 Consolidation Works

Item	Detail
Action	Share consolidation, also called a reverse stock split
Ratio	10 existing shares of face value Re 1 become 1 share of face value Rs 10
Record date	13 October 2026; last day to buy is 12 October
Approval	Board approved via circular resolution on 1 October 2026
Effect on value	None in itself: shares fall 10 times and the price adjusts up about 10 times
Example	A holder of 1,000 shares at about Rs 16 (Rs 16,000) would hold about 100 shares at about Rs 160, my illustration
Shareholder action	None required; the company and depositories handle the conversion

The AvenuesAI reverse stock split is a technical adjustment, so the share count falls and the price rises while your total holding value is unchanged.

Ola Electric Rights Issue Versus the AvenuesAI Consolidation

Feature	Ola Electric rights issue	AvenuesAI consolidation
Type	Raises new capital	Changes share count only
Cost to you	Rs 16.20 per share now, if you subscribe	None
Dilution	About 8% if you do not take part	None
Price effect	Small downward adjustment	Price rises about 10 times
Value effect	Depends on how the capital is used	None in itself

A checklist for the last day: confirm the stock is in your demat by the record date, decide whether to subscribe to the Ola Electric rights issue, and check how your broker handles fractional shares after a consolidation.

Risks Around the Ola Electric Rights Issue and AvenuesAI Reverse Stock Split

Dilution: Holders who do not take part in the Ola Electric rights issue own a smaller share of the company.

Deferred call: The Rs 10.80 balance in the Ola Electric rights issue is due by 31 October 2027 and the board can change the payment schedule.

Business risk: A discount does not change the business, and the Ola Electric rights issue funds a company that plans to use part of the money to repay debt.

Price volatility: Stocks often move sharply around record dates.

Reverse split myth: A consolidation does not create value, and some small stocks fall after a reverse split.

What to Watch Next for the Ola Electric Rights Issue

1. The ex-date price adjustment on 13 October for both stocks.
2. Rights entitlement trading until 26 October and the issue period from 22 to 30 October.
3. The Ola Electric share price against the Rs 27 issue price.
4. AvenuesAI's price after the consolidation takes effect.
5. Ola Electric's Q2 results and how the funds are used.

Conclusion

The Ola Electric rights issue at Rs 27 in a 2 for 25 ratio and the AvenuesAI 10 for 1 reverse stock split share the 13 October record date, so 12 October is the last day to buy. The rights issue dilutes those who do not take part, and the consolidation does not change value. Consult a SEBI-registered advisor before making any decision.

Frequently Asked Questions

What is the Ola Electric rights issue ratio and price?

Ans. The Ola Electric rights issue is 2 shares for every 25 held at Rs 27 a share, partly paid, raising about Rs 999.74 crore.

What is the record date?

Ans. 13 October 2026 for both the Ola Electric rights issue and the AvenuesAI consolidation, so 12 October is the last day to buy.

When can I subscribe to the Ola Electric rights issue?

Ans. The issue opens on 22 October and closes on 30 October, and entitlements can be traded until 26 October.

How is the rights price paid?

Ans. Rs 16.20 per share (60%) on application and Rs 10.80 (40%) on the first and final call by 31 October 2027.

What is the AvenuesAI reverse stock split?

Ans. A 10 for 1 consolidation, where 10 shares of Re 1 face value become one share of Rs 10 face value.

Does a reverse stock split change my holding value?

Ans. No. The number of shares falls and the price adjusts up, so the total value is unchanged in itself.

What if I ignore the Ola Electric rights issue?

Ans. The entitlement lapses unless you sell it, and you are diluted by about 8%.

Should I buy before the record date?

Ans. This article does not constitute investment advice. Consult a SEBI-registered financial advisor.