SoftBank’s investment vehicle, SVF II Ostrich (DE) LLC, sold 3.58 crore rights entitlements (REs) in Ola Electric Mobility cumulatively through October 26, according to NSE bulk-deal data. The transactions took place as the electric two-wheeler maker sought to raise ₹1,000 crore through a rights issue.
The investment vehicle sold 1.21 crore REs on October 22 and 23, followed by another 2.37 crore on October 26, according to exchange data. Separately, Vanguard ESG International Stock sold 57.05 lakh REs on October 26.
SVF II Ostrich held 54.15 crore shares, or an 11.70 per cent stake in Ola Electric, as of September 2026, according to shareholding data. Ola Electric founder Bhavish Aggarwal held 122.75 crore shares, representing a 26.52 per cent stake.
Meanwhile, Motilal Oswal Financial Services and Calliope Capital Advisors, an investment vehicle associated with Motilal Oswal, applied for a combined 2.39 crore shares under the rights issue on October 22, the opening day. According to a stock exchange filing, the entitlements for these applications were transferred by Ola Electric promoter-group entities ANI Technologies and Indus Trust.
The rights issue follows Ola Electric’s ₹780 crore qualified institutional placement (QIP) in June. The company had initially planned to raise ₹500 crore through the QIP before increasing the amount.
Published on October 27, 2026
