Japan’s SoftBank Group has offloaded a 2.15% stake in electric scooter maker Ola Electric through open-market transactions, an exchange filing showed on Thursday. Between July 15, 2025, and September 2, 2025, SoftBank sold 94.9 million shares 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.
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