Ola Electric shares decline 12% in 2 sessions after Softbank trims stake in firm to 15.68%

Shares of Ola Electric Mobility declined 6 percent in intra-day deals on Friday, September 3, extending losses for the second straight session after SoftBank trimmed stake in the electric scooter maker to 15.68 percent. In the 2 sessions, the stock has lost 12 percent.

Japan’s SoftBank Group has trimmed its stake in Ola Electric Mobility Ltd, reducing its shareholding to 15.68 percent from 17.83 percent, as per a regulatory filing on Thursday.

The Japanese investment major sold 94.9 million equity shares, representing around 2.15 percent of the company’s paid-up capital, through open market transactions conducted between July 15 and September 2, 2025. The sale, executed via its investment arm SVF II Ostrich (DE) LLC, breached the 2 percent disclosure threshold under SEBI’s takeover regulations.

Before the transaction, SoftBank held 786.6 million shares, accounting for 17.83 percent of Ola Electric. Post-sale, its holding stands at 691.6 million shares or 15.68 percent. Despite the stake reduction, SoftBank continues to be the second-largest shareholder in the EV maker, following founder and chairman Bhavish Aggarwal, who held a 30.02 percent stake as of the June quarter.

“SVF II OSTRICH (DE) LLC has disposed of an aggregate of 94,943,459 equity shares of Ola Electric Mobility Limited in a series of disposals undertaken between July 15, 2025, and September 2, 2025, with the disposal on September 2, 2025, breaching the 2% threshold specified in Regulation 29(2) of the SEBI Takeover Regulations,” SoftBank stated in its filing. This marks SoftBank’s first stake sale since Ola Electric’s IPO in August 2024.

Ola Electric Mobility Stock Performance

Following the news, Ola Electric’s stock dropped as much as 6 percent to ₹60.70, extending its 6.5 percent decline from the previous session. Despite this short-term weakness, the stock is still up nearly 16 percent so far in September, after posting a 31 percent gain in August.

However, on a broader basis, the stock has shed 29 percent in 2025 year-to-date and is down 42 percent over the past one year. In the last three months, it has gained 27 percent and is up 9 percent over six months. The stock remains over 50 percent below its 52-week high of ₹123.90 hit in September 2024, though it is off its 52-week low of ₹39.58, touched in July 2025.

Ola Electric also reported a narrower-than-expected consolidated net loss of ₹428 crore in Q1FY26, compared to ₹870 crore in Q4FY25 and ₹347 crore in Q1FY25. Revenue came in at ₹828 crore, registering a sharp 49.6 percent YoY decline from ₹1,644 crore.

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