SoftBank Cuts Stake in Ola Electric by 2.15%, Now Owns 15.7%

Bhavish Aggarwal-led Ola Electric Share In Focus After SoftBank Cuts Stake To 15.68%

SoftBank cut its Ola Electric stake to 15.68 percent, selling 94.9 million shares via SVF II Ostrich DE LLC. Bhavish Aggarwal remains top shareholder as shares saw sharp swings.

SoftBank cuts stake in Ola Electric by 2.15%, now owns 15.7%

SoftBank Group has sold a 2.15% stake in Ola Electric, reducing its ownership to 15.68%. The sale, involving 94.9 million shares, marks SoftBank's first since Ola's IPO in August 2024, making it the second-largest shareholder after founder Bhavish Aggarwal.

SoftBank sells 2% stake in Bhavish Aggarwal-led Ola Electric

SoftBank’s investment arm SVF II Ostrich (DE) LLC disposed of 94.9 million equity shares of Ola Electric between July 15 and September 2, 2025.

SoftBank Offloads 2.15% Stake In Ola Electric

Japanese investor SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares, amounting to 2.15% of the company’s total share capital, via a series of open market transactions. According to a regulatory filing, SoftBank, via SVF II Ostrich (DE) LLC, sold the shares between July 15 and September 2.  Before the stake sale, SoftBank held 78.65 Cr equity shares of Ola Electric, translating to a 17.83% stake in the EV maker. P…