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SoftBank cut its Ola Electric stake to 15.68 percent, selling 94.9 million shares via SVF II Ostrich DE LLC. Bhavish Aggarwal remains top shareholder as shares saw sharp swings.
Ola Electric Share Price. (File photo)
Ola Electric Share Price: Ola Electric shares will remain in focus on Friday, September 05, after Japan’s SoftBank Group has reduced its stake in electric scooter maker to 15.68 per cent from 17.83 per cent.
Between July 15 and September 2, 2025, the Japanese investor offloaded 94.9 million equity shares, representing about 2.15% of the company’s paid-up capital, through open market deals. The sale, carried out via its investment arm SVF II Ostrich (DE) LLC, triggered the 2% disclosure threshold under SEBI’s takeover rules.
Before the stake sale, SoftBank owned 786.6 million shares, or 17.83% of Ola Electric. After the transaction, its holding dropped to 691.6 million shares, accounting for 15.68%. Despite the reduction, SoftBank remains the EV maker’s second-largest shareholder after founder Bhavish Aggarwal.
Ola Shares, after dropping to the record low, witnessed a rally of 77 per cent in three weeks. Stocks, however, plunged over 6 per cent due to profit booking.
The rally comes after the company secured Production Linked Incentive (PLI) certification for its Gen 3 scooters — a move management says will improve margins and speed up the path to profitability.
The Automotive Research Association of India approved Ola under the Ministry of Heavy Industries’ scheme, making its Gen 3 S1 lineup eligible for 13–18% sales incentives until 2028. Together, these seven scooter models account for more than half of Ola’s current volumes. With both Gen 2 and Gen 3 now certified, Ola expects profitability gains from Q2FY26 and aims to move closer to EBITDA positivity.
Despite the rally, Ola’s fundamentals remain weak. It reported a Q1 net loss of Rs 428 crore, with revenues halving year-on-year to ₹828 crore, though margins improved to 25.6%. At its AGM, the company won shareholder approval to reallocate IPO funds and extend deployment timelines.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 05, 2025, 06:57 IST
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