Hyundai, Kia exit Ola Electric, sell entire stake worth Rs 690 crore in block deal
Published on 05/06/2025 03:56 PM
Hyundai, Kia sell Ola Electric shares: Hyundai Motor Company and Kia Corporation have completely exited their investment in Bhavish Aggarwal's Ola Electric Mobility. South Korean automotive giants jointly sold their entire stake worth approximately Rs 690 crore through a block deal.
According to bulk deal data from the National Stock Exchange (NSE):
Citigroup Global Markets Mauritius Pvt Ltd emerged as the largest buyer in the transaction. It acquires 8.61 crore shares worth Rs 435 crore. The shares were sold at a 6 per cent discount compared to Ola Electric's closing price of Rs 53.69 on Monday.
It should be noted that the identities of other buyers involved in the deal have not been disclosed publicly.
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