Hyundai Motor exits Ola Electric; sells 2.47% stake for ₹552 crore
The Hindu
Hyundai exits Ola Electric Mobility by selling stake, while Citigroup Global Markets Mauritius acquires 1.95% stake.
South Korean automaker Hyundai Motor Company on Tuesday (June 3, 2025) exited Ola Electric Mobility by selling its entire 2.47% stake in the company for ₹552 crore through an open market transaction.
According to the bulk deal data available on the National Stock Exchange (NSE), Hyundai Motor Company sold more than 10.88 crore shares or 2.47% stake in Bengaluru-based Ola Electric Mobility.
The shares were disposed of at an average price of ₹50.70 apiece, taking the transaction value to ₹551.96 crore.
In a separate transaction, Kia Corporation, a part of global Hyundai-Kia Automotive Group, also offloaded over 2.71 crore shares, representing a 0.62% stake in Ola Electric Mobility.
The shares were sold by Kia Corporation at an average price of ₹50.55 per piece, taking the deal value to ₹137.35 crore.
Meanwhile, Citigroup Global Markets Mauritius purchased over 8.61 crore shares, amounting to a 1.95% stake in Ola Electric Mobility for ₹435 crore.
The shares were acquired at an average price of ₹50.55 apiece. This took the deal value to ₹435.47 crore.
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