India, Sept. 4 -- Japanese investor SoftBank has decreased its holding in Ola Electric by selling 9.4 Cr equity shares, amounting to 2.15% of the company's total share capital, via a series of open market transactions.

According to a regulatory filing, SoftBank, via SVF II Ostrich (DE) LLC, sold the shares between July 15 and September 2.

Before the stake sale, SoftBank held 78.65 Cr equity shares of Ola Electric, translating to a 17.83% stake in the EV maker. Post the disposal, its stake in the Bhavish Aggarwal-led company has declined to 15.68%, or 69.16 Cr shares.

Shares of Ola Electric ended today's trading session 6.3% lower at INR 64.59 on the BSE.

(The story will be updated soon)

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