Japan's SoftBank trims stake in India's Ola Electric to 15.7%

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AdvertisementAdvertisementBusiness04 Sep 2025 06:08PM (Updated: 04 Sep 2025 06:36PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Japan's SoftBank Group has lowered its shareholding in Indian electric scooter maker Ola Electric to 15.68 per cent from 17.83 per cent, after selling a 2.15 per cent stake over two months, an exchange filing showed on Thursday.SoftBank, Ola Electric’s second-largest shareholder after founder Bhavish Aggarwal, sold a total of 94.9 million shares in a series of transactions between July and September. It did not disclose the sale price.The Indian company, which went public in August 2024, has seen a sharp pickup in trading volumes in recent sessions. The stock closed more than 10 per cent higher in two of the past four sessions.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST