SoftBank Group Corp. Chairman and Chief Government Officer Masayoshi Son speaks throughout a press convention on November 6, 2019 in Tokyo, Japan.Tomohiro Ohsumi | Getty ImagesSoftBank will promote as much as about 198 million shares of T-Cell stock worth about $21 billion, the telecom firm introduced Monday.The sale, which represents about 65% of SoftBank’s stake in T-Cell, is a part of SoftBank’s efforts to unlock cash because the coronavirus pandemic has damage a number of of its key investments. Previous to the well being disaster, WeWork, a portfolio firm of SoftBank’s $100 billion Imaginative and prescient Fund, did not go public after its IPO prospectus was roundly criticized for its nontraditional company governance construction and large losses. T-Cell shares had been down about 1.5% in after-hours buying and selling Monday.In its May report back to buyers, SoftBank mentioned the Imaginative and prescient Fund posted losses of $18 billion. That got here after SoftBank beforehand introduced in March that it might promote or monetize as much as the equal of $41 billion in belongings to buyback shares and scale back debt.T-Cell mentioned in a press launch Monday it might provide about 134 million of the shares SoftBank sells within the transaction to the general public. It should give underwriters of the general public fairness providing the choice to buy an extra 10 million shares.Marcelo Claure, a T-Cell director and CEO of SoftBank Group Worldwide, will buy 5 million shares after they’re bought to T-Cell, the corporate mentioned in a submitting with the Securities and Change Fee. Claure will purchase the shares with proceeds of a loan from SoftBank, T-Cell reported.Subscribe to CNBC on YouTube.