SoftBank Entity Reduces Stake in Ola Electric by 2.15%

SVF II Ostrich (DE) LLC, a SoftBank-affiliated entity, sold 94,628,299 equity shares of Ola Electric Mobility Limited between September 3, 2025, and January 5, 2026, reducing its stake in the electric vehicle manufacturer by 2.15%. The company disclosed the transaction to BSE Limited and the National Stock Exchange of India on January 7, 2026, after the cumulative sales crossed the 2% regulatory threshold.

The shares were disposed of through a series of open market transactions over the four-month period. The final transaction on January 5, 2026, involving 8,423,833 equity shares, triggered the mandatory disclosure requirement under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the disposals, SVF II Ostrich held 691,623,720 shares, representing 15.68% of Ola Electric's total share capital. Following the sale, the entity's shareholding decreased to 596,995,421 shares, or 13.53% of the total voting capital.

The company stated: "SVF II OSTRICH (DE) LLC has disposed of an aggregate of 94,628,299 equity shares of Ola Electric Mobility Limited in a series of disposals undertaken between September 3, 2025 and January 5, 2026, with the disposal on January 5, 2026 breaching the 2% threshold specified in Regulation 29(2) of the SEBI Takeover Regulations."

The disclosure was signed by Casey Rogers, Director of SVF II Ostrich (DE) LLC. Ola Electric's total equity share capital remains at 4,410,829,885 shares.