The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SVF II OSTRICH (DE) LLC
OLAELEC · price
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SVF II Ostrich (DE) LLC, an entity affiliated with SoftBank, has disclosed the sale of 94,943,459 equity shares (2.15% of share capital) of Ola Electric Mobility Limited through a series of open market transactions between July 15, 2025 and September 2, 2025. The disclosure was triggered when a 9,999,999 share sale on September 2, 2025 pushed cumulative disposals past the 2% threshold under SEBI Takeover Regulations. As a result, SoftBank's stake in Ola Electric dropped from 17.83% (786,567,179 shares) to 15.68% (691,623,720 shares). The seller confirmed it does not belong to the promoter or promoter group category.
This is a notable signal of an existing large investor reducing exposure, which may weigh on sentiment given SoftBank's stature. However, the sale was conducted gradually via the open market over nearly two months, suggesting an orderly exit rather than a forced one, and the post-sale holding of 15.68% leaves SoftBank as a significant institutional shareholder.