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⚡Ola Electric’s Shares Nosedive After SoftBank Trims Stake

By IANS

Shares of Ola Electric Mobility dropped nearly 8 per cent on Thursday’s intra-day trading session after Japanese investment giant SoftBank cut its stake in the electric scooter maker through open market deals. According to a regulatory filing, SoftBank’s investment arm SVF II Ostrich (DE) LLC sold about 94.9 million shares of Ola Electric between July 15 and September 2.

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