SoftBank Cuts Its Ola Electric Stake to 11.7% From 12.9%
SoftBank's SVF II Ostrich also sold about 1.12 crore rights entitlements as Ola Electric's rights issue is open.
Key Takeaways
- SoftBank's SVF II Ostrich now holds 11.7% of Ola Electric, down from 12.9%.
- It sold about 5.55 crore shares between January 6 and October 22, 2026.
- It also sold about 1.12 crore rights entitlements, about 25.9% of its allocation.
- Ola Electric's rights issue of about Rs 1,000 crore at Rs 27 a share closes on October 30.
SoftBank, through its affiliate SVF II Ostrich (DE) LLC, has cut its stake in Ola Electric Mobility to 11.7% from 12.9%, a fall of about 1.2 percentage points. It sold about 5.55 crore shares in open market transactions between January 6 and October 22, 2026.
In the same period it also sold about 1.12 crore rights entitlements. The sales come while Ola Electric's rights issue of about Rs 1,000 crore is open. The issue opened on October 22 and closes on October 30.
SoftBank's Ola Electric stake sale at a glance
| Detail | Value |
|---|---|
| Seller | SVF II Ostrich (DE) LLC, a SoftBank affiliate |
| Shares sold | About 5.55 crore equity shares |
| Rights entitlements sold | About 1.12 crore |
| Sale period | January 6 to October 22, 2026 |
| Method | Open market transactions |
| Stake before | 12.9% (about 59.70 crore shares) |
| Stake after | 11.7% (about 54.15 crore shares) |
| Rights entitlements held before | About 4.33 crore |
| Rights entitlements held after | About 3.21 crore |
How the rights issue works and what SoftBank sold
A rights issue lets existing shareholders buy new shares at a fixed price in proportion to what they already hold. Ola Electric is offering up to about 37.03 crore partly paid-up equity shares at Rs 27 each, to raise about Rs 1,000 crore. Rs 16.20 per share is paid on application.
Holders received two rights shares for every 25 shares held on the October 13 record date. The right to buy those shares is called a rights entitlement, and it can be sold to other investors. Of the roughly 4.33 crore entitlements SVF II Ostrich held, about 1.12 crore, or about 25.9%, were sold, leaving about 3.21 crore.
| When | What happened |
|---|---|
| October 13, 2026 | Record date for the rights issue |
| October 22, 2026 | Rights issue opens; last day of the SVF II Ostrich sale period |
| October 30, 2026 | Rights issue closes |
Motilal Oswal and Calliope apply for shares using transferred entitlements
A separate filing dated October 22 shows that Motilal Oswal Financial Services applied for about 1.28 crore shares and Calliope Capital Advisors for about 1.10 crore shares, together about 2.39 crore. They used rights entitlements transferred from ANI Technologies and Indus Trust, both part of the promoter group.
Ola Electric raised about Rs 780 crore in June
The rights issue follows a qualified institutional placement (QIP) in June, in which Ola Electric raised about Rs 780 crore.
Where SoftBank's Ola Electric stake stands after the sale
After the sales, SVF II Ostrich holds about 54.15 crore Ola Electric shares, or 11.7%, and about 3.21 crore rights entitlements. Ola Electric's rights issue of about Rs 1,000 crore, priced at Rs 27 a share, closes on October 30, 2026. It follows the June QIP, in which the company raised about Rs 780 crore.
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