Ola Electric Shares Slump 7% On Block Deal Buzz

The drop was attributed to a large block deal involving shares worth INR 731 Cr

Hyundai Motor India is said to be the likely seller in the block deal

Around 14.22 Cr shares exchanged hands at INR 51.4 per share, a discount from the previous session’s closing price of INR 53.68 apiece

Shares of Ola Electric slumped as much as 7.05% to INR 49.90 during early trading hours on the BSE today amid report of a block deal in the counter.

While BSE data did not show any bulk deal data, a CNBC TV 18 report attributed the drop…