EVsInc42about 2 hours ago
SoftBank Sells Stake in Ola Electric
3 min read
Japanese investor SoftBank sold a 1.2% stake in Ola Electric between January 6 and October 22, reducing its holding to 11.7%. The entity sold 1.12 Cr rights entitlements while Ola Electric seeks ₹999.74 Cr via a rights issue closing October 30. Consolidated operating revenue fell 45% to ₹455 Cr in Q1 FY27.
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