Ola Electric: SVF II OSTRICH Sells 94.94 Million Shares, Breaches 2% Threshold

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SVF II OSTRICH (DE) LLC, a shareholder of Ola Electric Mobility Limited, has disposed of 94,943,459 equity shares between July 15, 2025, and September 2, 2025. The disposal on September 2, 2025, breached the 2% threshold specified in Regulation 29(2) of the SEBI Takeover Regulations.

The details of the disposal are as follows:

Prior to the disposal, SVF II OSTRICH (DE) LLC held 786,567,179 shares, representing 17.83% of the total share/voting capital. Following the disposal, the holding has been reduced to 691,623,720 shares, representing 15.68% of the total share/voting capital.

Pre-Disposal Holding:

• Shares carrying voting rights: 786,567,179 (17.83%)
• Shares in the nature of encumbrance: Nil
• Voting rights (VR) otherwise than by shares: Nil
• Warrants / convertible securities / any other instrument: Nil
• Total: 786,567,179 (17.83%)

Post-Disposal Holding:

• Shares carrying voting rights: 691,623,720 (15.68%)
• Shares encumbered with the acquirer Seller: Nil
• VRs otherwise than by shares: Nil
• Warrants / convertible securities / any other instrument: Nil
• Total: 691,623,720 (15.68%)

The disposals were executed via open market transactions between July 15, 2025 and September 2, 2025.

Equity share capital / total voting capital of Ola Electric Mobility Limited before and after the said acquisition/sale remains unchanged:

• Number of Shares: 4,410,829,885
• Amount (in ₹): 44,108,298,850 (Face value of ₹ 10/- per equity share)

Total diluted share/voting capital of the TC after the said acquisition sale:

• Number of Shares: 4,410,829,885
• Amount (in ₹): 44,108,298,850 (Face value of ₹ 10/- per equity share)

The disclosure obligation under Regulation 29(2) of the SEBI Takeover Regulations was triggered pursuant to the disposal of 9,999,999 equity shares of the TC on September 2, 2025, which coupled with the previous disposals, breached the 2% threshold.

SVF II OSTRICH (DE) LLC has disposed of 94,943,459 equity shares between July 15, 2025, and September 2, 2025. The disposal on September 2, 2025, breached the 2% threshold specified in Regulation 29(2) of the SEBI Takeover Regulations.