SoftBank Offloads 2.15% Stake In Ola Electric

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SUMMARY

SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares, amounting to 2.15% of the company’s total share capital, via a series of open market transactions

According to a regulatory filing, SoftBank, via SVF II Ostrich (DE) LLC, sold the shares between July 15 and September 2

Post the disposal, its stake in the Bhavish Aggarwal-led company has declined to 15.68%, or 69.16 Cr shares

Japanese investor SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares,…



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SoftBank Offloads 2.15% Stake In Ola Electric


SUMMARY

SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares, amounting to 2.15% of the company’s total share capital, via a series of open market transactions

According to a regulatory filing, SoftBank, via SVF II Ostrich (DE) LLC, sold the shares between July 15 and September 2

Post the disposal, its stake in the Bhavish Aggarwal-led company has declined to 15.68%, or 69.16 Cr shares

Japanese investor SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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