Ola Electric Mobility , led by Bhavish Aggarwal, has announced plans for a significant announcement scheduled for January 14, coinciding with the festival of Makar Sankranti. The electric vehicle manufacturer appears to be positioning this date strategically for what the company suggests could be a notable development.

Upcoming Announcement Details

The company has scheduled its announcement for January 14, aligning with the traditional Indian festival of Makar Sankranti. While specific details about the nature of the announcement have not been disclosed, the timing suggests the company may be preparing for a strategic reveal.

Strategic Timing

The choice to align the announcement with Makar Sankranti appears deliberate, as the festival traditionally marks new beginnings and is considered auspicious for launching new ventures in Indian culture. The company has not provided additional details about what the announcement will entail or its potential impact on operations.

The electric vehicle sector continues to evolve rapidly, with companies regularly announcing new developments in technology, manufacturing, and market expansion. Ola Electric's planned announcement adds to the anticipation surrounding potential developments in the industry.

Japan's SoftBank has continued its divestment in Ola Electric Mobility Limited, reducing its stake by another 2.15% through a series of open market transactions. The latest disposal brings SoftBank's total ownership down to 13.53% from 15.68%, marking the second significant reduction in its holdings within the electric vehicle manufacturer.

Latest Stake Reduction Details

According to an exchange filing, SVF II OSTRICH (DE) LLC, SoftBank's investment vehicle, disposed of 94,628,299 equity shares between September 3, 2025, and January 5, 2026. The filing specifically noted that the disposal on January 5, 2026, breached the 2% threshold specified in Regulation 29(2) of the SEBI Takeover Regulations.

Previous Divestment Activity

This latest transaction follows a similar pattern from the previous year. Between July 15, 2025, and September 2, 2025, SVF II OSTRICH (DE) LLC had sold 94,943,459 equity shares, which reduced SoftBank's ownership stake from 17.83% to 15.68%. The consistent disposal activity indicates SoftBank's ongoing strategy to reduce its exposure to the electric vehicle company.

Market Impact and Share Price Movement

The exchange filing was published during market hours on Friday, January 9, which immediately impacted the stock's performance. Ola Electric's share price dropped by 2.42% to ₹39.49 at around 4:08 pm on Friday, reflecting investor reaction to the news of SoftBank's continued divestment.

Promoter Share Sales

Separately, company founder and promoter Bhavish Aggarwal had also undertaken significant share sales in December. He sold 4.20 crore shares on December 17, following an earlier sale of 2.60 crore shares the previous day. The company clarified that these promoter sales were specifically intended to fully repay a ₹260.00 crore loan at the promoter level, describing it as a one-time, limited monetisation of the founder's personal stake.

Retail Investor Growth

Despite the institutional selling pressure, Ola Electric has witnessed substantial growth in its retail investor base. The company's retail shareholder count, comprising investors with authorised share capital up to ₹2.00 lakh, increased from approximately 14.10 lakh at the end of September 2024 quarter to 19.00 lakh by September 2025 quarter.

The retail ownership percentage climbed significantly from 8.00% to 17.30% during this period, indicating growing individual investor interest in the electric vehicle manufacturer despite institutional exits.