Softbank Cuts Ola Electric Stake To 13.5% As More Investors Pare Holdings

SoftBank has reduced its stake in Ola Electric Mobility to 13.53% through open market share sales on the BSE and NSE. The sales were carried out by its investment vehicle SVF II Ostrich (DE) LLC between 3 September 2025 and 5 January 2026.

According to a filing under Regulation 29(2) of the SEBI Takeover Regulations, SVF II Ostrich sold 9.46 crore equity shares in a series of trades. Its holding fell from 69.16 crore shares, or 15.68% of Ola Electric’s equity, to 59.70 crore shares, or 13.53%.

The disclosure was triggered after a sale of 84.24 lakh shares on 5 January 2026 pushed the cumulative disposal since September above the 2% threshold that requires reporting to the exchanges. Ola Electric’s total share capital stands at 441.08 crore shares of face value ₹10 each, and this has not changed due to the transaction.

This is the second phase of stake reduction by SoftBank. In an earlier round, it had sold about 9.49 crore shares between July and September 2025, cutting its holding from 17.83% to 15.68%.

Other investors who divested in 2024 and 2025

Several other shareholders have also reduced exposure to Ola Electric since its August 2024 IPO. During the offer for sale, existing backers such as SoftBank, Matrix Partners India, Alpha Wave, Internet Fund III (Tiger Global) and MacRitchie Investments (linked to Temasek) sold part of their holdings to public investors.

In 2025, venture investor Z47 (formerly Matrix Partners India) and Tiger Global trimmed stakes by about 0.81% and 0.21% respectively in the April–June quarter.economictimes+2​

South Korean carmakers Hyundai Motor Company and Kia Corporation also monetised their holdings in June 2025. Hyundai exited by selling about 10.88 crore shares, or 2.47% of Ola Electric, while Kia sold around 2.7 crore shares, or 0.62%.

Taken together, the stake sales show a phase of profit-booking and portfolio rebalancing by financial and strategic investors after Ola Electric’s market listing.

On the market, Ola Electric shares trade near ₹40–41 on 9 January 2026, with a market capitalisation around ₹17,000–18,000 crore on the NSE and BSE