{
  "id": 16744793,
  "title": "SoftBank Sells 1.2% Stake In Ola Electric, Offloads 1.12 Cr Rights Entitlements",
  "url": "https://urgent.news/2026/10/27/softbank-sells-1-2-stake-in-ola-electric-offloads-1-12-cr-rights",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-27T10:45:49.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/softbank-sells-1-2-stake-in-ola-electric-offloads-1-12-cr-rights-entitlements/"
  },
  "original_language": "en",
  "account": "Japanese investment firm SoftBank has divested itself of an additional 1.2% stake in Indian electric two-wheeler manufacturer Ola Electric over a period spanning from January 6 to October 22. This sale reduced SoftBank's ownership in the company to 11.7%, with its investment vehicle SVF II Ostrich (DE) LLC selling 5.55 crore shares during this period, leaving it with 54.15 crore shares. Prior to the transactions, SoftBank held 12.9% of Ola Electric's shares, as calculated using the latest share capital.\n\nIn addition to selling shares, SoftBank traded 1.12 crore rights entitlements during the same period. Ola Electric is currently raising nearly ₹1,000 crore through a rights issue aimed at repaying debt and funding expansion. SoftBank purchased 4.33 crore rights entitlements against the 54.15 crore shares it held on the October 13 record date, under the issue's two-for-25 ratio. The company sold approximately 25.9% of these entitlements, retaining 3.21 crore as of October 22. Rights entitlements allow eligible shareholders to purchase additional shares at the issue price, which can be exercised or transferred. SoftBank's initial backing of Ola Electric came in July 2019 with a $250 million investment, valuing the company at around $1 billion. The investor participated in a subsequent funding round in September 2021 when Ola Electric's valuation reached $3 billion. Since Ola Electric's public listing in August 2024, SoftBank has progressively reduced its stake. In January 2025, the firm disclosed the sale of 9.46 crore shares or a 2.15% stake through open market transactions, reducing its holding to 13.53%. The latest filing calculates the pre-sale holding using the company's expanded share capital.",
  "summary": "Japanese tech investor SoftBank has sold another 1.2% stake in Ola Electric through a series of open market transactions between…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}