India, Sept. 5 -- Update | September 5, 18:32

Shares of Ola Electric fell as much as 8% to INR 59.38 during the intraday trading on the BSE today. The stock ended the day's trade 7.2% lower at INR 59.91 on the BSE.

The company's market capitalisation stood at INR 26,425.28 Cr (about $2.9 Bn) at the end of the session.

Original | September 5, 11:36

Shares of Ola Electric slumped as much as 6% to INR 60.70 during the early trading hours on the BSE today, a day after SoftBank said it had decreased its stake in the company.

The investment arm of SoftBank, SVF II Ostrich (DE) LLC, sold 2.15% stake in the company between July 15 and September 2. Following the share sale, its stake in the Bhavish Aggarwal-led company declined to 15.68% from...