Ola Electric Shares Slump 7% On Block Deal Buzz

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SUMMARY

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…



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Ola Electric Shares Slump 7% On Block Deal Buzz


SUMMARY

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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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