Japan's SoftBank trims stake in India's Ola Electric to 15.7% (updated)

Ola Electric Mobility

04/09/2025 11:36

Adds details on numbers of shares sold in paragraph 2

Sept 4 (Reuters) - Japan's SoftBank Group 9984.T has lowered its shareholding in Indian electric scooter maker Ola Electric OLAE.NS to 15.68% from 17.83%, after selling a 2.15% stake over two months, an exchange filing showed on Thursday.

SoftBank, Ola Electric’s second-largest shareholder after founder Bhavish Aggarwal, sold a total of 94.9 million shares in a series of transactions between July and September. It did not disclose the sale price.

The Indian company, which went public in August 2024, has seen a sharp pickup in trading volumes in recent sessions. The stock closed more than 10% higher in two of the past four sessions.

 (Reporting by Nishit Navin; Editing by Sonia Cheema)

 ((Nishit.Navin@thomsonreuters.com;))