Ola Electric Mobility shares fell 6 per cent in intraday trading on Friday, September 5, marking the second consecutive day of losses after SoftBank cut its stake in the company to 15.68 per cent. Over the past two sessions, the stock has slipped by a total of 12 per cent.
According to a regulatory filing made on Thursday, Japan’s SoftBank Group reduced its ownership in Ola Electric Mobility Ltd from 17.83 per cent to 15.68 per cent. The investment giant sold around 94.9 million equity shares, which accounts for nearly 2.15 per cent of the company’s paid-up capital.
The share sale was carried out in the open market between July 15 and September 2, 2025, through SoftBank’s investment arm, SVF II Ostrich (DE) LLC. With this transaction, SoftBank crossed the reporting threshold outlined under SEBI’s takeover regulations.
Before the divestment, SoftBank owned 786.6 million shares, representing 17.83 per cent of the EV manufacturer. After the sale, its stake now stands at 691.6 million shares, or 15.68 per cent. Despite the reduction, SoftBank remains the second-largest shareholder in Ola Electric, behind founder and chairman Bhavish Aggarwal, who holds a 30.02 per cent stake as of the June quarter.