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Hyundai, Kia sell shares worth Rs 690 crore in Ola Electric via block deal
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Hyundai Motor and Kia Corporation sold shares worth nearly Rs 690 crore in electric two-wheeler maker Ola Electric through open market transactions on Tuesday, according to NSE bulk deal data.
Hyundai offloaded 108 million shares at Rs 50.70 apiece, amounting to Rs 551.9 crore, while Kia sold 27 million shares at Rs 50.55 each for Rs 137.3 crore.
Citigroup Global Markets Mauritius purchased shares worth Rs 435.4 crore in Ola Electric during the same session.
Ola Electric shares closed 8% lower at Rs 49.33 on the NSE Tuesday.
The Bengaluru-based…
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