SoftBank reduces its stake in Ola Electric by over 2%

SoftBank cut its stake in Ola Electric by 2.15%, selling 94.9M shares via SVF II OSTRICH (DE) LLC, reducing its holding to 15.68%. Z47 and Tiger Global also partially exited earlier. Despite a 50% stock surge, shares closed at ₹64.45, valuing Ola at ₹28,445 Cr. Ola ranks second in two-wheeler EV sales with 18.19% share, though Q1 FY26 revenue dipped to ₹824 Cr and losses rose to ₹428 Cr.