SoftBank trims Ola Electric holding, sells 2.15% stake

Japan’s SoftBank Group has reduced its stake in Ola Electric, trimming its holding from 17.83 per cent to 15.68 per cent, according to a stock exchange filing on Thursday. The reduction comes after the investor offloaded 2.15 per cent of its shares over the last two months.

SoftBank, which remains the second-largest stakeholder after company founder Bhavish Aggarwal, divested around 94.9 million shares through multiple deals executed between July and September. The filing did not specify the value at which the shares were sold. Ola Electric entered the stock market back in August 2024.

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