Tiger Global may sell Ola stake to SoftBank for $500 mn

US-headquartered investment firm Tiger Global may sell a portion of its stake in the ride-sharing startup Ola to Japan's SoftBank for $400-500 million, according to reports. SoftBank, which already owns undisclosed stake in Ola, will become the largest shareholder in the startup if the deal goes through. Tiger Global currently holds around 15% stake in the homegrown cab aggregator.