Archive · 5 Jun 2025
Hyundai and Kia Sell Ola Electric Shares Amidst Losses
Hyundai and Kia sold their shares in Ola Electric, an electric scooter company.
Hyundai sold shares for about ₹552 crore, and Kia sold shares for around ₹137 crore.
Citigroup bought shares worth ₹435 crore.
This happened as Ola Electric reported significant financial losses, more than doubling losses from the previous year.
This caused the company's stock price to fall.
The company is working to raise funds and improve its financial situation.
Hyundai and Kia sold their shares in Ola Electric for approximately ₹690 crore.
Citigroup Global Markets Mauritius acquired shares in Ola Electric for ₹435.4 crore.
Ola Electric reported a net loss of ₹870 crore for the quarter ending March 31, 2025.
Ola Electric's share price dropped by 8.1% on Tuesday.
Hyundai sold its shares at ₹50.70 each and Kia sold its shares at ₹50.55 each.
- Who
- Hyundai Motor, Kia Corporation, and Citigroup Global Markets Mauritius.
- What
- Hyundai and Kia sold their shares in Ola Electric.
- When
- Tuesday
- Where
- National Stock Exchange (NSE)
- Why
- To exit Ola Electric Mobility
- Hyundai Sale Value
- ₹551.9 crore
- Hyundai Sale Price Per Share
- ₹50.70
- Kia Sale Value
- ₹137.3 crore
- Kia Sale Price Per Share
- ₹50.55
- Citigroup Investment
- ₹435.4 crore
- Q1 FY25 Net Loss
- ₹870 crore
- Ola Electric Share Price Drop
- 8.1%
Sources
Ola Electric Mobility Block Deal: Hyundai Motor likely seller in ₹731 crore transaction
Block Deals Galore: Yes Bank to Ola Electric see shares worth ₹5,508 crore change hands
Ola Electric shares tumble over 6% today. Here's why
Newsletter | Block deals galore on D-Street, Microsoft cuts more jobs, Gold off 4-week high & more
Hyundai Motor, Kia offload ₹690 cr worth of shares in Ola Electric block deal
Hyundai Motor exits Ola Electric with 552 crore stake sale; Kia also offloads shares
Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
Ola Electric turmoil: Hyundai-Kia exit Rs 690 cr; Citigroup buys in as stock struggles
