SoftBank has pared its holding in Ola Electric Mobility Ltd by selling a 2.15% stake through open-market transactions, according to regulatory filings with stock exchanges.
The stake sale was executed by SVF II Ostrich (DE) LLC, a SoftBank investment vehicle, which offloaded nearly 9.5 crore equity shares between September 3, 2025, and January 5, 2026. The cumulative sale crossed the 2% disclosure threshold under takeover regulations, triggering mandatory reporting.
Before the divestment, SVF II Ostrich held 69.16 crore shares, representing a 15.68% stake in Ola Electric. Following the transactions, its shareholding has declined to about 59.7 crore shares, reducing its stake to 13.53% in the electric vehicle maker.
This is the second major stake reduction by SoftBank in Ola Electric in recent months. Between July and September 2025, the investor had sold a similar number of shares, cutting its holding from 17.83% to 15.68%.
The stake sale comes at a challenging time for Ola Electric, with its stock trading close to record lows amid subdued market sentiment. Investor sell-downs, along with a partial share sale by founder and CEO Bhavish Aggarwal, have added to pressure on the stock and raised concerns over near-term outlook.
Operationally, Ola Electric reported largely flat electric two-wheeler sales in December at 8,402 units. Its market share improved marginally by 2% to 9.03%, placing it fifth overall. In comparison, rival Ather Energy sold 16,391 units during the month, capturing a market share of 17.62%.
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