Overview

• SVF II Ostrich (a SoftBank entity) disposed of 94,943,459 Ola Electric shares via multiple open-market trades between July 15 and September 2, 2025, according to exchange filings.
• The September 2 transaction breached the 2% threshold under SEBI’s takeover regulations, prompting a formal disclosure.
• SoftBank’s holding fell to 15.68% from 17.83%—about 69.16 crore shares versus 78.7 crore earlier—while it remains the second-largest shareholder after Bhavish Aggarwal.
• Ola Electric stock dropped roughly 6–7% on Thursday, closing near Rs 64.5 after an intraday low of Rs 63.70, though it has risen about 58% over the past month.
• Recent momentum has been tied to PLI certification for Gen 3 scooters and tech reveals at the Sankalp event, even as earlier stake sales by Hyundai and Kia and ongoing losses continue to pressure sentiment.