SoftBank Trims 2.15% Stake in Ola Electric Via Open Market

Japan’s SoftBank Group has sold a 2.15% stake in Ola Electric Mobility through open market transactions, according to an exchange filing released on Friday. The sales were carried out between 3 September 2025 and 5 January 2026. 

The transactions were executed through SoftBank’s investment vehicle, SVF II OSTRICH (DE) LLC. Following the sale, the entity’s holding in Ola Electric declined from 15.68% to 13.53%. 

Share Disposal Over 4 Months 

The filing stated that SVF II OSTRICH disposed of an aggregate 94,628,299 equity shares during the period. The disposal completed on 5 January crossed the 2% reporting threshold under Regulation 29(2) of the Securities and Exchange Board of India Takeover Regulations, requiring mandatory disclosure to the exchanges. 

The disclosure was made during market hours on Friday, 9 January. 

Earlier Reduction in Holding 

This is the second stake sale by the SoftBank-backed entity in less than a year. Between 15 July 2025 and 2 September 2025, SVF II OSTRICH sold 94,943,459 equity shares of Ola Electric through a series of open market transactions. 

That round of sales reduced its ownership from 17.83% to 15.68%, according to earlier exchange filings. 

Promoter Share Sales 

The latest institutional sale follows recent share disposals by founder and promoter Bhavish Aggarwal. Aggarwal sold 4.2 crore shares on 17 December, after selling 2.6 crore shares on the previous day, as reported earlier. 

The company had said these promoter-level sales were undertaken to fully repay a ₹260 crore loan and were described as a one-time monetisation of the founder’s personal stake. 

Retail Shareholding Growth 

While institutional holdings have declined, retail ownership has increased. At the end of the September 2024 quarter, Ola Electric had about 14.1 lakh retail shareholders holding around 8% of the company. 

By the end of the September 2025 quarter, the number of retail shareholders rose to 19 lakhs, with their combined holding increasing to 17.3%. 

Read More:  Ola Electric Share Price Gains Over 2%; Signals Business Turnaround in December 2025! 

Ola Electric Share Price Performance  

As of January 9, 2026, 3:30pm, Ola Electric Mobility share price closed at ₹39.50, a 2.37% down from the previous closing price. 

Conclusion 

Recent disclosures point to continued stake reduction by large shareholders, alongside a rise in retail ownership in Ola Electric over the past year. 

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