SVF II Ostrich (DE) LLC, an entity affiliated with Japan’s SoftBank Group, has sold 94,628,299 equity shares of Ola Electric Mobility Limited over a four-month period, reducing its stake in the electric vehicle manufacturer by 2.15 percentage points.
The transactions were carried out between September 3, 2025, and January 5, 2026, and were disclosed to BSE Limited and the National Stock Exchange of India (NSE) on January 7, 2026, after the cumulative sales crossed the 2% regulatory disclosure threshold.
Series of Open Market Transactions
The stake reduction occurred through a series of open market transactions rather than a single block deal. The final tranche, executed on January 5, 2026, involved the sale of 8,423,833 equity shares, which triggered the mandatory disclosure requirement under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
In its regulatory filing, the company stated:
“SVF II OSTRICH (DE) LLC has disposed of an aggregate of 94,628,299 equity shares of Ola Electric Mobility Limited in a series of disposals undertaken between September 3, 2025 and January 5, 2026, with the disposal on January 5, 2026 breaching the 2% threshold specified in Regulation 29(2) of the SEBI Takeover Regulations.”
Shareholding Before and After the Sale
Before the disposals, SVF II Ostrich held 691,623,720 shares, representing 15.68% of Ola Electric’s total share capital.
Following the completion of the transactions, its holding declined to 596,995,421 shares, or 13.53% of the total voting capital.
Market Implications
While the disclosure does not indicate any change in strategic intent, the gradual nature of the sale suggests a portfolio rebalancing or partial monetisation by the SoftBank-linked investor rather than a complete exit. The stake sale comes at a time when public market investors are closely tracking institutional shareholding movements in newly listed and high-growth electric vehicle companies.
The development is likely to be watched closely by market participants, given SoftBank’s historical role as a major backer of Ola Electric and the broader implications such moves have for investor sentiment in India’s EV sector.
