Last day to qualify for Ola Electric and AvenuesAI rights issue and reverse split is Oct 12

Monday, October 12 is the final day for investors to buy Ola Electric Mobility Ltd and AvenuesAI Ltd shares to qualify for their rights issue and reverse‑stock‑split actions. Both companies have set Tuesday, October 13 as the record date, so any purchase after Monday will not be eligible. Ola Electric’s board approved a rights issue of 37,02,72,665 equity shares worth about ₹9,99,73,61,955, roughly ₹1,000 crore. The issue price is ₹27 per share, with a face value of ₹10 and a premium of ₹17. Ola’s stock closed at ₹35.13 on Friday, up 1.83%, but has fallen 13 % in three months, 30 % in one year and 63 % in two years. AvenuesAI’s board approved a consolidation that will exchange ten existing shares of ₹1 face value for one new share of ₹10 face value, cutting the number of shares held by about 90 % while keeping total face value unchanged. The company’s share price ended at ₹14.91 on Friday, down 0.67%, after a decline of 12.96 % in three months, 22.7 % in one month and 42 % in two years. Investors who want to take part in either the rights issue or the consolidation must own the stocks before the record date. ## Context The actions are standard corporate measures: a rights issue raises fresh capital, while a reverse split improves per‑share price visibility. Both moves aim to strengthen balance sheets and attract investor interest.