Who sold 94,628,299 shares of Ola Electric? Investors are thrilled again; shares will fall on Monday!

News Topical, Digital Desk : Ola Electric shares were rising for the past few days. But on the last trading day of the week, this stock ( Ola Electric Share ) saw a decline. On Saturday, January 9, its shares fell by -2.47 percent and closed at Rs 39.46. This decline has come due to the sale of stake by a big investor.

Actually, 94628299 shares of Ola Electric have been sold in bulk. The company informed in a regulatory filing that Japanese multinational investment firm SoftBank has sold its 2.15 percent stake in Ola Electric Mobility through its investment vehicle SVF II Ostrich (DE) LLC.

SoftBank holds the second largest stake in Ola Electric

This disinvestment marks the second major stake reduction by SoftBank in the EV maker in the past six months. The investor previously sold a 2.15% stake, or 94 million equity shares, in the company between July and September 2025. SoftBank is the second-largest shareholder in the Bengaluru-based EV maker after founder Bhavish Aggarwal.
According to reports, SVF II Ostrich (DE) LLC has sold a total of 94,628,299 equity shares of Ola Electric Mobility Ltd in multiple transactions done between September 3, 2025 and January 5, 2026.

SoftBank now has this much remaining stake

The electric two-wheeler maker said in a regulatory filing shared on the BSE that the transaction, conducted on January 5, 2026, exceeded the 2 percent limit under SEBI regulations. Following this transaction, SVF II OSTRICH (DE) LLC's holding in Ola Electric has reduced to 13.53 percent from 15.68 percent previously.

Big investors are taking company exit

This development comes amid a series of stake sales by Ola Electric investors. In December last year, Z47 (formerly Matrix Partners India) reportedly exited the company completely. Prior to this, Tiger Global and Alpha Wave Ventures also sold their stakes in the EV maker over the past year. Strategic investors Hyundai Motor Company and Kia Corporation also reduced their holdings in the June 2025 issue, raising INR 552 crore and INR 137 crore, respectively, by selling some of their shares. Recently, founder Agarwal sold 9.6 crore shares for INR 324 crore to repay promoter-level loans.

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