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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Hyundai, Kia sell shares worth Rs 690 crore in Ola Electric via block deal


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…



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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