Ola Electric and AvenuesAI Set Record Date for Rights Issue and Share Consolidation
Shares of Ola Electric Mobility Ltd and AvenuesAI Ltd will remain active on October 12, the last day for investors to qualify for upcoming corporate actions. Ola Electric has approved a rights issue of approximately ₹1,000 crore, issuing over 37 crore equity shares at ₹27 each, including a ₹17 premium. The record date for eligibility is October 13. Additionally, AvenuesAI will consolidate shares through a reverse stock split, merging every 10 shares into one, maintaining total face value but reducing share count by 90%. The rights issue opens on October 22 and closes on October 30.
First-hand measurement across 3 sources
We measured how 3 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 41/100.
Outlets measured: economictimes, mint, mint. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
mint broke this story on 11 Oct, 12:55 pm. Other outlets followed.