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Hyundai exits Ola Electric, Kia pares stake as well
Mint Mumbai
|June 04, 2025
South Korean automaker Hyundai Motor Co. on Tuesday 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) website, Hyundai Motor sold more than 108.8 million shares, or a 2.47% stake, in Bengaluru-based Ola Electric. The shares were disposed of at an average price of ₹50.70 apiece, taking the transaction value to ₹551.96 crore.
This story is from the June 04, 2025 edition of Mint Mumbai.
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