Hyundai Motor exits Ola Electric with 552 crore stake sale; Kia...

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Hyundai Motor exits Ola Electric with 552 crore stake sale; Kia also offloads shares

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Hyundai Motor Company fully exited Ola Electric Mobility, selling its 2.47% stake for Rs 552 crore. Kia Corporation also divested a 0.62% stake for Rs 137.35 crore. Citigroup Global Markets Mauritius acquired a 1.95% stake for Rs 435.47 crore, leading to a fall in Ola Electric's stock price amidst reported net losses.

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