Ola Electric Falls as SoftBank Trims Stake

Ola Electric shares slipped nearly 8% on September 5 after SoftBank sold a 2% stake via open market deals, cutting its holding to 15.68%. The sale of 94.9 million shares triggered SEBI disclosure norms. Despite the dilution, SoftBank remains a key shareholder. Goldman Sachs retained a ‘Buy’ rating and raised the target price.