According to regulatory filings with stock exchanges, SoftBank sold a 2.15% share in Ola Electric Mobility Ltd. in a series of open-market transactions through its investment vehicle SVF II Ostrich (DE) LLC.

Key Highlights

• SoftBank sold 2.15% stake in Ola Electric via open market, reducing its holding to ~15.68%.
• The sale involved about 94.9 million shares and triggered mandatory regulatory disclosure under SEBI rules.

According to the filing, between September 3, 2025, and January 5, 2026, SVF II Ostrich sold about 9.5 crore Ola Electric equity shares. After the total sale exceeded the 2% threshold required by takeover regulations, the transaction resulted in mandatory disclosure.

SVF II Ostrich had 69.16 crore shares, or 15.68% of Ola Electric's entire equity share capital, prior to the transaction. After the transaction, it now owns 59.7 crore shares, or 13.53% of the electric vehicle manufacturer.

In July and September of 2025, SoftBank conducted a similar share sale, selling about 9.5 crore shares, lowering its ownership from 17.83% to 15.68%.

Also Read: TVS Leads Nov E2W Sales while Ola Electric Sales Fall 50%

Due to poor market sentiment, Ola Electric's stock is still trading close to record lows, indicating that the company is going through a difficult time. Investor stake sales and founder and CEO Bhavish Aggarwal's partial share sale have increased the pressure and raised questions about the EV manufacturer's confidence and short-term prospects.

Ola's EV sales for December were essentially unchanged at 8,402 vehicles. The company's market share increased by 2% to 9.03%, putting it in fifth place. Ather Energy, its competitor, sold 16,391 units last month, accounting for 17.62% of the market.