SoftBank Sells 2.15% Stake in Ola Electric | Quick Digest
SoftBank, through its investment arm SVF II Ostrich (DE) LLC, has divested a 2.15% stake in Ola Electric via open market transactions between September 2025 and January 2026. This sale reduces SoftBank's holding in the Indian EV manufacturer from 15.68% to 13.53%. The transaction, disclosed on January 9, 2026, adheres to SEBI regulations.
SoftBank divests 2.15% stake in Ola Electric.
Sale conducted via open market between Sep 2025 and Jan 2026.
SoftBank's holding reduces to 13.53% from 15.68%.
Transaction triggered SEBI disclosure norms.
Second stake reduction by SoftBank in less than a year.
Founder Bhavish Aggarwal also sold shares recently.
Japanese investment giant SoftBank, through its vehicle SVF II Ostrich (DE) LLC, has sold a 2.15% stake in India's electric vehicle manufacturer, Ola Electric Mobility Ltd. This significant divestment occurred through a series of open market transactions spanning from September 3, 2025, to January 5, 2026. The cumulative sale of approximately 94.6 million equity shares brought SoftBank's ownership down from 15.68% to 13.53%. The final transaction on January 5, 2026, prompted a mandatory disclosure on January 9, 2026, as it breached the 2% threshold stipulated by Regulation 29(2) of the Securities and Exchange Board of India (SEBI) Takeover Regulations.
This marks the second instance of SoftBank reducing its exposure to Ola Electric within a year, following an earlier sale between July and September 2025 that trimmed its stake from 17.83% to 15.68%. The move comes amidst a broader recalibration of investor portfolios in Ola Electric, with other major stakeholders also adjusting their holdings. Notably, Ola Electric founder Bhavish Aggarwal recently divested shares to repay a personal loan. While large institutional shareholders have pared down their stakes, there has been a notable increase in retail investor participation, indicating a shift in the company's ownership structure. The news reflects ongoing dynamics in the Indian EV market and investor confidence in Ola Electric's future trajectory.
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