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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Japanese investment giant sold 94.9 million shares between July and September, even as the electric scooter maker's stock surged over 50% in recent weeks.
Japan's SoftBank Group has reduced its shareholding in Indian electric scooter maker Ola Electric to 15.68% after selling a 2.15% stake through multiple transactions between July and September.
The sale, executed through SoftBank's investment arm SVF II Ostrich (DE) LLC, involved over 94.9 million shares disposed of in open market transactions. While SoftBank did not disclose the sale price, the Japanese conglomerate remains the second-largest shareholder after founder Bhavish Aggarwal, who holds a 30.02% stake.
The stake reduction comes amid a strong rally in Ola Electric’s stock price. The shares have surged over 55% in the last month, their …
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
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