Japanese tech investor SoftBank has sold another 1.2% stake in Ola Electric through a series of open market transactions between January 6 and October 22, reducing its holding in the electric two-wheeler maker to 11.7%.
Its investment vehicle, SVF II Ostrich (DE) LLC, sold 5.55 Cr shares during the period, leaving it with 54.15 Cr shares. The filing pegged its holding before the transactions at 12.9%, calculated using the company’s latest share capital.
The SoftBank entity also sold 1.12 Cr rights entitlements during the period, even as Ola Electric looks to raise nearly ₹1,000 Cr through a rights issue to repay debt and fund expansion.
SoftBank received 4.33 Cr rights entitlements against the 54.15 Cr shares it held on the October 13 record date, under the issue’s two-for-25 ratio. It sold approximately 25.9% of these entitlements, leaving it with 3.21 Cr as of October 22.
Rights entitlements allow eligible shareholders to subscribe to additional shares at the issue price. Shareholders can exercise these entitlements or transfer them to other investors. Selling an entitlement does not reduce their existing equity holding.
SoftBank first backed Ola Electric in July 2019 with a $250 Mn investment that valued the EV maker at around $1 Bn. It participated in a subsequent funding round in September 2021, when Ola Electric’s valuation rose to $3 Bn.
The Japanese investor has progressively reduced its holding since the company went public in August 2024.
15% stake, through open market transactions between September 3, 2025, and January 5. 53%.
Source link
