OLAELEC

SoftBank Group reduced its shareholding in Ola Electric Mobility to 15.68% from 17.83%, selling 94.9 million shares over two months. The investment sold a total stake of 2.15%. Other key investors like Tiger Global Management, Alpha Wave Ventures, and Hyundai/Kia also reduced their stakes, and Ola Electric reported a 50% YoY decline in operating revenue.