Japan’s SoftBank Group has lowered its stake in electric scooter maker Ola Electric, an exchange filing showed on Thursday. Between July 15, 2025, and September 2, 2025, SoftBank sold 94.9 million shares or 2.15% stake in a series of transactions, reducing its stake in the company to 15.68% from 17.83%.
According to Trendlyne data, this marks SoftBank’s first stake sale since Ola Electric’s IPO in August 2024. Despite the sale, SoftBank remains the second-largest shareholder in the company, behind founder and chairman Bhavish Aggarwal, who held a 30.02% stake as of the June quarter.
“SVF II OSTRICH (DE) LLC has disposed of an aggregate of 94,943,459 equity shares of Ola Electric Mobility Limited in a series of disposals undertaken between July 15, 2025, and September 2, 2025, with the disposal on September 2, 2025, breaching the 2% threshold specified in Regulation 29(2) of the SEBI Takeover Regulations,” SoftBank said in its exchange filing.
