Explore

...

...

Next Story

SoftBank sells 2.15% stake in Ola Electric to reduce shareholding to 15.68%

SoftBank Group has offloaded 94,943,459 shares, equivalent to 2.15% stake, in Ola Electric, even as the share price plummeted 6.34% to ₹64.59 apiece.

Updated on: Sep 4, 2025, 17:23:25 IST

By Tushar Deep Singh

Prefer HTon Google

Advertisement

Japan's SoftBank Group Corp. has offloaded nearly 100 million shares of Ola Electric Mobility Ltd. over the past couple of months, reducing its shareholding at a time when the stock has been on a tear.

Ola Electric's founder chairman Bhavish Aggarwal. (REUTERS)

“SVF II OSTRICH (DE) LLC has disposed of an aggregate of 94,943,459 equity shares of Ola Electric Mobility Limited in a series of disposals undertaken between July 15, 2025 and September 2, 2025, with the disposal on September 2, 2025 breaching the 2% threshold specified in Regulation 29(2) of the SEBI Takeover Regulations,” according to an exchange filing on Thursday.

On Thursday, Ola Elecric shares fell 6.34% to ₹64.59 apiece on the BSE even as the benchmark Sensex ended the day 0.19% higher at 80,718.01 points.

ABOUT THE AUTHOR

Tushar Deep Singh

...Read MoreTushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad. Read Less

Get instant updates on daily movements in Gold Price and Silver Rates, Petrol Price, and Diesel Rates and essential financial indicators. Explore in-depth Business News and analysis on policy changes, income tax rules, and key economic developments across India and worldwide.

Get instant updates on daily movements in Gold Price and Silver Rates, Petrol Price, and Diesel Rates and essential financial indicators. Explore in-depth Business News and analysis on policy changes, income tax rules, and key economic developments across India and worldwide.

Home/Business/SoftBank sells 2.15% stake in Ola Electric to reduce shareholding to 15.68%

See Less

SHARE THIS ARTICLE ON