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SoftBank Offloads 2.15% Stake In Ola Electric

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SUMMARY

SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares, amounting to 2.15% of the company’s total share capital, via a series of open market transactions

According to a regulatory filing, SoftBank, via SVF II Ostrich (DE) LLC, sold the shares between July 15 and September 2

Post the disposal, its stake in the Bhavish Aggarwal-led company has declined to 15.68%, or 69.16 Cr shares

Japanese investor SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares,…

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