Ola Electric Shares Plunge 8% as SoftBank Trims Stake

's shares dropped nearly 8% on September 5, extending a two-day decline of over 14%, following SoftBank's sale of a 2% stake in the electric vehicle (EV) scooter manufacturer. The sell-off comes on the heels of a remarkable 80% rally in the stock over the past three weeks, driven by strong market sentiment and multiple favorable developments. According to a regulatory filing, SoftBank’s investment arm, SVF II Ostrich (DE) LLC, offloaded 94.9 million equity shares of Ola Electric between July 15 and September 2, 2025, through open market transactions. This reduced SoftBank’s shareholding from 17.83% (786.6 million shares) to 15.68% (691.6 million shares), crossing the 2% threshold that triggers mandatory disclosure under SEBI’s takeover regulations. SoftBank, an early and significant investor in Ola Electric, participated in several funding rounds before the company’s initial public offering (IPO). Despite the recent stake reduction, the Japanese investment giant remains one of Ola Electric’s largest institutional shareholders.