SoftBank sells another 2.15% stake in Ola Electric through open market

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

The sale was carried out through SoftBank’s investment arm, SVF II OSTRICH (DE) LLC, which reduced its stake in the electric two-wheeler maker from 15.68% to 13.53%. According to the filing, the entity sold 94,628,299 equity shares during the period, with the January 5 transaction crossing the 2% disclosure threshold under SEBI’s takeover regulations.

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This marks the second stake sale by the SoftBank-backed vehicle in less than a year. Between July 15 and September 2, 2025, SVF II OSTRICH sold 94,943,459 shares, reducing its stake in Ola Electric from 17.83% to 15.68%.

Shares of Ola Electric fell 2.42% to ₹39.49 on Friday. The disclosure was made during market hours, with the stock trading lower around 4:08 pm on the Bombay Stock Exchange.

The latest stake sale comes amid other share disposals at Ola Electric. Founder and promoter Bhavish Aggarwal sold 4.2 crore shares on December 17, after selling 2.6 crore shares a day earlier. The company had said the promoter-level sale was done to fully repay a ₹260 crore loan and described it as a one-time, limited monetisation of the founder’s personal stake.

While large shareholders have been trimming their holdings, retail participation has risen sharply. At the end of the September 2024 quarter, Ola Electric had around 14.1 lakh retail shareholders holding about 8% of the company. By September 2025, retail investors increased to 19 lakh with their stake rising to 17.3%.

These developments indicate a gradual shift in Ola Electric’s ownership structure, with institutional investors reducing exposure and retail investors playing a bigger role.

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