Ola Electric turmoil: Hyundai-Kia exit Rs 690 cr; Citigroup buys in...

Ola Electric turmoil: Hyundai-Kia exit Rs 690 cr; Citigroup buys in as stock struggles

Posted

Ola Electric's stock experienced a slight increase of 1.07% to Rs 49.86 amidst the aftermath of Hyundai and Kia's stake sale. The automakers divested their remaining shares for Rs 690 crore, with Citigroup acquiring a significant portion. This transaction occurred alongside Ola Electric's reported net loss of Rs 870 crore in the March quarter.

Read Full Article

Please log in to like, share and comment!

National

Sitaula calls for majority-based decision-making system in Constitutional Council

KATHMANDU: Nepali Congress (NC) leader Krishna Prasad Sitaula has stressed the need for a...

By 0 15

International

Why UAE is a top choice for digital nomads: Remote work visas, fast internet, and premium urban life

The UAE has expanded its remote work policies, allowing federal employees to work from abroad,...

By 0 15

International

Saudi Arabia unveils “Skills Week” to sharpen youth talent in line with labour market needs

Saudi Arabia has started 'Skills Week' from July 13-19 to train young people for jobs. The aim is...

By 0 16

International

'Return to the land': Group sets up all-white town in Arkansas; civil rights activists raise alarm

Return to the Land, an ethnonationalist organization, has established a whites-only settlement in...

By 0 15

International

Embarrassing: Trump's Singapore nominee fumbles basic questions - who is Dr Anjani Sinha?

What was expected to be a routine appearance before the Senate Foreign Relations Committee on...

By 0 16