In a series of open-market transactions conducted between September 3, 2025, and January 5, 2026, SoftBank Group successfully reduced its exposure to the Indian EV leader. This move follows a nearly identical 2.15% stake sale that took place between July and September 2025.
Key Transaction Details
The latest divestment was officially disclosed after the cumulative sales crossed the 2% regulatory threshold on January 5, 2026.
- Total Shares Sold: 94,628,299 equity shares.
- Percentage Offloaded: 2.15% of Ola Electric’s total capital.
- New Holding: SoftBank’s stake has dropped from 15.68% to 13.53%.
- Mode of Sale: Open market disposals (BSE/NSE).
- Estimated Loss: While original acquisition costs were roughly ₹50.94 per share, the stock has recently traded in the ₹34–₹41 range, suggesting a significant “realized loss” for the investment giant.
SoftBank’s Gradual Exit Strategy
Despite the sale, SoftBank remains the second-largest shareholder in Ola Electric after founder Bhavish Aggarwal. Executives have previously described their approach as a “thoughtful and gradual exit,” rather than a sudden dump of shares.1
Why the Sell-off?
While SoftBank has not provided a formal reason for the timing, market analysts point to three primary factors:
- Portfolio Rebalancing: SoftBank has been aggressively recalibrating its global portfolio toward Artificial Intelligence and away from capital-intensive manufacturing.
- Market Share Pressure: Ola Electric’s market share in the Indian electric two-wheeler segment reportedly fell from 36.7% in 2024 to 16.1% in 2025 as legacy players like TVS and Bajaj gained traction.
- Liquidity: With other major backers like Tiger Global and Z47 (Matrix) also paring stakes, the stock has faced sustained downward pressure, prompting financial investors to lock in liquidity.
Ola Electric Ownership Table (Post-Sale)
| Shareholder | Stake (Approx) | Status |
| Bhavish Aggarwal (Promoter) | ~30.02% | Recently sold 0.6% to repay loans. |
| SoftBank (SVF II Ostrich) | 13.53% | Reduced from 15.68% in Jan 2026. |
| Tiger Global / Alpha Wave | <1% each | Significantly pared from previous levels. |
| Z47 (formerly Matrix)14 | 0%15 | Fully exited in December 2025.16 |
Impact on Share Price
Following the news of the stake reduction, Ola Electric shares experienced volatility, trading near an all-time low.17 On January 9, 2026, the stock was hovering between ₹39 and ₹41, a far cry from its 52-week high and significantly below its IPO valuation of over ₹33,000 crore.
