SoftBank Sells 2.15% Stake in Ola Electric, Shares Drop 3%

• SoftBank, through SVF II Ostrich (DE) LLC, sold a 2.15% stake in Ola Electric Mobility.
• The sale involved 94,628,299 shares between September 3, 2025, and January 5, 2026, with the last sale violating SEBI's 2% limit.
• SoftBank's stake in Ola Electric has reduced from 15.68% to 13.53% after this transaction.
• Ola Electric's shares fell 3% to ₹39.20 on January 9, nearly halving in a year since its August 2024 IPO at ₹76.
• The company reported a reduced net loss of ₹418 crore in Q3 2025, but revenue also dropped by 43.2% to ₹690 crore.

Why It Matters: SoftBank's stake sale led to a 3% drop in Ola Electric shares, highlighting investor concerns.