Japan’s SoftBank sells 2.15% stake in Ola Electric, cuts holding to 15.68%

SoftBank Group has divested a 2.15% stake in Ola Electric over nearly two months, reducing its holding to 15.68%. Despite this sale, Ola Electric shares experienced a recent surge, fueled by government incentives and PLI scheme approval. However, a GST cut on traditional two-wheelers and SoftBank’s stake sale led to a 7% drop in share price.

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