Ola Electric Mobility witnessed a significant stake reduction by SoftBank affiliate SVF II OSTRICH (DE) LLC, which disposed of 94.63 million equity shares through a series of open market transactions. The disposal, conducted between September 3, 2025, and January 5, 2026, has triggered mandatory disclosure requirements under SEBI regulations due to the substantial nature of the transaction.

Transaction Overview

The comprehensive disposal involved 94,628,299 equity shares, representing 2.15% of Ola Electric's total voting capital. SVF II OSTRICH (DE) LLC executed these transactions through open market sales over a period spanning approximately four months. The final disposal on January 5, 2026, involving 8,423,833 equity shares, breached the 2% threshold specified under Regulation 29(2) of SEBI Takeover Regulations, necessitating formal disclosure.

Shareholding Pattern Changes

The disposal significantly altered SVF II OSTRICH (DE) LLC's position in Ola Electric Mobility Limited. Prior to these transactions, the entity held 691,623,720 equity shares, constituting 15.68% of the company's total share capital. Following the completion of all disposals, the shareholding reduced to 596,995,421 equity shares, representing 13.53% of the total voting capital.

Company Capital Structure

Ola Electric Mobility Limited's equity capital structure remained unchanged throughout the disposal period. The company maintains a total equity share capital of 4,410,829,885 shares with a face value of ₹10.00 per equity share, translating to a total capital value of ₹44,108,298,850. The disposal did not involve any encumbrances, warrants, convertible securities, or other instruments that could affect voting rights.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. SVF II OSTRICH (DE) LLC, represented by Director Casey Rogers, submitted the mandatory filing to both BSE Limited and National Stock Exchange of India Limited on January 7, 2026. The entity confirmed it does not belong to the promoter or promoter group of Ola Electric Mobility Limited and has no persons acting in concert for this transaction.

Market Implications

The substantial disposal by a major institutional investor represents a significant development in Ola Electric's shareholding pattern. SVF II OSTRICH (DE) LLC's reduction from 15.68% to 13.53% stake indicates a strategic repositioning while maintaining a substantial presence in the electric mobility company. The transactions were conducted entirely through open market mechanisms, ensuring transparency and regulatory compliance throughout the disposal process.

Ola Electric Mobility shares declined as much as 8% from the day's highs on Tuesday, January 6, snapping a three-session winning streak after delivering substantial gains of 22% over the previous three trading sessions. The stock had been riding on investor optimism following encouraging December business performance data.

Trading Activity and Market Performance

Trading volumes on Tuesday were notably lower, at about 50% of the combined turnover seen on Friday and Monday. However, around 19.35 crore shares had changed hands by 12:15 pm, significantly higher than the 20-day average of 7.34 crore shares traded at that time of the day.

Despite the recent rally, the stock remains sharply lower from its historical highs. With Tuesday's decline, Ola Electric is down nearly 73% from its post-listing high of ₹157.00 and about 44% below its IPO price of ₹76.00 per share.

December Performance Drives Market Confidence

The recent rally was supported by encouraging business updates disclosed by the company. According to VAHAN data, Ola Electric registered 9,020 vehicle registrations in December, contributing to a notable market share increase to 9.3% from 7.2% in November.

More significantly, during the second half of December, market share climbed to nearly 12%, indicating improving demand momentum and the effectiveness of the company's Hyperservice initiative.

Hyperservice Initiative Delivers Operational Improvements

The company's Hyperservice program was specifically designed to address service challenges that emerged during rapid expansion phases. The comprehensive initiative focuses on multiple operational areas including clearing service backlogs, expanding and training the workforce, improving spare parts availability, and enabling customer self-service capabilities.

Revised Financial Guidance and Analyst Coverage

At the end of the second quarter, Ola Electric had cut its revenue and margin guidance for the full year. The company now expects revenue in the range of ₹3,000.00 crore to ₹3,200.00 crore, sharply lower than the earlier projection of ₹4,200.00 crore to ₹4,700.00 crore.

Eight analysts currently track Ola Electric with mixed recommendations. Of these, three have a 'Buy' rating, one recommends 'Hold', while four have a 'Sell' call on the stock. Emkay has the highest price target on the Street at ₹65.00 per share, while Kotak Securities has the lowest target at ₹25.00.