SoftBank sells 2.15% stake in Ola Electric via open market

SoftBank, through its investment vehicle SVF II Ostrich (DE) LLC, has offloaded a 2.15% stake in Ola Electric Mobility Ltd through a series of open-market transactions, according to regulatory filings with stock exchanges.

As per the disclosure, SVF II Ostrich sold nearly 9.5 crore equity shares of Ola Electric between September 3, 2025, and January 5, 2026. The transaction triggered mandatory disclosure after the cumulative sale breached the 2% threshold prescribed under takeover norms.

Prior to the sale, SVF II Ostrich held 69.16 crore shares, a 15.68% stake in Ola Electric’s total equity share capital. Following the divestment, its shareholding has declined to 59.7 crore shares, a reduced stake of 13.53% in the electric vehicle maker.

Last year, SoftBank carried out a similar share sale between July and September 2025, offloading around 9.5 crore shares, which reduced its stake from 17.83% to 15.68%.

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Ola Electric is facing a tough phase as its stock continues to trade near record lows amid weak market sentiment. The pressure has been compounded by stake sales from investors and a partial share sale by founder and CEO Bhavish Aggarwal, both of which have added to concerns around confidence and near-term prospects for the EV maker.

In terms of EV sales for December, Ola’s sales remained largely flat at 8,402 units. Its market share rose by 2% to 9.03%, placing the company fifth in standing. While its rival, Ather Energy sold 16,391 units with a market share of 17.62% last month.