# SoftBank Sells Ola Electric Rights Entitlements

> SoftBank sells 1.21 crore Ola Electric rights entitlements to raise Rs 1,000 crore.
- Title: SoftBank Sells Ola Electric Rights Entitlements | Shortify
- Summary: SoftBank sells 1.21 crore Ola Electric rights entitlements to raise Rs 1,000 crore. SoftBank sold 1.21 crore rights entitlements in Ola Electric to raise Rs…
- Keywords: softbank, ola electric, rights issue, rs 1000 crore, nse, bharat, money, business, Sells, Ola, Electric, Rights
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/softbank-sells-1-21-crore-ola-electric-rights-entitlements-as-ev-maker-seeks-to-raise-rs-1000-crore/articleshow/135209308.cms
- Author: Kumar Gaurav
- Published: 2026-10-26T10:34:00+00:00
- Read time: 1 min
- Topics: softbank, ola electric, rights issue, rs 1000 crore, nse, bharat, money, business
## SoftBank Sells Ola Electric Rights
SoftBank sold 1.21 crore rights entitlements in Ola Electric Mobility over two trading sessions.
## Rights Issue Details
The rights issue aims to raise Rs 1,000 crore with a 26% discount to market price.
## Shareholding Data
SVF II Ostrich held 54.15 crore shares, representing 11.70% stake in Ola Electric.
## Rights Entitlements Sold
The entity sold 27.9% of its estimated entitlement of 4.33 crore rights shares.
## Motilal Oswal Application
Motilal Oswal applied for 1.28 crore shares, while Calliope Capital Advisors applied for 1.10 crore shares.
## QIP and Revenue Decline
Ola Electric reported Q1 revenue of Rs 455 crore, down from Rs 828 crore a year earlier.
## Market Share Pressure
Ola Electric's market share dropped from 7.6% in August to 6.5% in September.
## Share Price Decline
Ola Electric shares fell 21.06% in 2026, trading at Rs 29.62 on October 26.
## Key takeaway

SoftBank sold 1.21 crore rights entitlements in Ola Electric to raise Rs 1,000 crore through a rights issue.