SoftBank trims stake in Ola Electric by 2.15%

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Ola Electric’s early investor SoftBank trimmed its stake in the EV company by more than 2% through open market transactions between July 15, 2025 to September 2, 2025.

SoftBank, through its investment arm SVF II OSTRICH (DE) LLC, sold 94.9 million shares, trimming its stake by 2.15% and breaching the 2% threshold under SBI takeover regulations, as per its filing with the BSE and NSE.

Prior to the transaction, SoftBank held 786.5 million shares, representing a 17.83% stake in the company. Following the sale, its shareholding has reduced to 15.68%.

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SoftBank trims stake in Ola Electric by 2.15%


Ola Electric’s early investor SoftBank trimmed its stake in the EV company by more than 2% through open market transactions between July 15, 2025 to September 2, 2025.

SoftBank, through its investment arm SVF II OSTRICH (DE) LLC, sold 94.9 million shares, trimming its stake by 2.15% and breaching the 2% threshold under SBI takeover regulations, as per its filing with the BSE and NSE.

Prior to the transaction, SoftBank held 786.5 million shares, representing a 17.83% stake in the company. Following the sale, its shareholding has reduced to 15.68%.

In…



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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