SoftBank to take Ola stake to 50%

Business Today - - THE BUZZ -

SoftBank is plan­ning to in­crease its stake in Ola to 50 per cent by ac­quir­ing an ad­di­tional

10-12 per cent stake. The Ja­panese in­vestor is likely to pay Tiger Global, which holds 21

22 per cent, $ 400-500 mil­lion for the stake. It comes just ahead of SoftBank fi­nal­is­ing an in­vest­ment in Uber Tech­nolo­gies, Ola’s big­gest ri­val in In­dia.

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