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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SoftBank-affiliated investor SVF II Ostrich (DE) LLC has sold 9.46 crore equity shares of Ola Electric Mobility in the open market over a period from September 3, 2025 to January 5, 2026. This represents a 2.15% reduction in its stake. Following this disposal, SVF II Ostrich's holding in Ola Electric has come down from 15.68% (69.16 crore shares) to 13.53% (59.70 crore shares). The disclosure obligation was triggered on January 5, 2026 when the cumulative sales crossed the 2% reporting threshold. SVF II Ostrich is not part of the promoter group.
This is a significant sell-down by a major institutional investor (SoftBank), which may exert short-term pressure on the stock price due to increased supply. However, SoftBank remains a substantial shareholder at 13.53%, so it has not exited the company.