Ola boardroom is said to be in the midst of a break out, over the difference in opinion among the board members. Reportedly, Ola’s largest stake holder – SoftBank – seems not having a good time with Ola’s co founder Bhavish Aggarwal. According to the available sources, Bhavish Aggarwal is against SoftBank buying the Ola shares of Tiger Global Management. However, SoftBank is reportedly going with its plans of buying the shares of Tiger Global, despite not finding an approval from Bhavish Aggarwal.
Going in line with the industry insiders, it is SoftBank’s move of merging Ola with Uber, which has prompted Bhavish to go up against the largest shareholder of the company, which he founded. Since SoftBank happens to be the largest shareholder in Uber as well, the deal sound pretty much logical for the Japanese giant.
