Shares of Ola Electric Mobility tanked 8 per cent on Friday after SoftBank offloaded a in the company through open market transactions.
Post the sale, the shareholding stood at 15.68 per cent. Regulatory filing showed that SoftBank’s arm SCF II Ostrickh (DE) LLC disposed 94.9 million shares between July and September this year.
The stock traded 6.81 per cent lower on the BSE at ₹60.19 at 2.42 pm, hitting an intraday low of ₹59.38.