Hyundai Motor exits Ola Electrical; sells 2.47% stake for ₹552 crore

Hyundai exits Ola Electrical Mobility by promoting stake within the firm for ₹552 crore.
| Picture Credit score: Reuters

South Korean automaker Hyundai Motor Firm on Tuesday (June 3, 2025) exited Ola Electrical Mobility by promoting its complete 2.47% stake within the firm for ₹552 crore by an open market transaction.

Based on the majority deal information out there on the Nationwide Inventory Alternate (NSE), Hyundai Motor Firm offered greater than 10.88 crore shares or 2.47% stake in Bengaluru-based Ola Electrical Mobility.

The shares had been disposed of at a mean value of ₹50.70 apiece, taking the transaction worth to ₹551.96 crore.

In a separate transaction, Kia Company, part of world Hyundai-Kia Automotive Group, additionally offloaded over 2.71 crore shares, representing a 0.62% stake in Ola Electrical Mobility.

The shares had been offered by Kia Company at a mean value of ₹50.55 per piece, taking the deal worth to ₹137.35 crore.

In the meantime, Citigroup International Markets Mauritius bought over 8.61 crore shares, amounting to a 1.95% stake in Ola Electrical Mobility for ₹435 crore.

The shares had been acquired at a mean value of ₹50.55 apiece. This took the deal worth to ₹435.47 crore.

Particulars of the opposite patrons of Ola Electrical Mobility’s shares couldn’t be ascertained on the NSE.

The scrip of Ola Electrical Mobility declined 7.58% to shut at ₹49.61 apiece on the NSE.

Final week, Ola Electrical reported a consolidated web lack of ₹870 crore for the fourth quarter ended March 31, 2025, whereas noting that it’s focusing on profitability within the present fiscal.

The corporate had reported a web lack of ₹416 crore within the January-March quarter of the 2023-24 fiscal.

The income from operations declined to ₹611 crore in comparison with ₹1,598 crore within the year-ago interval, the corporate stated.

For FY25, the corporate reported a web lack of ₹2,276 crore in opposition to ₹1,584 crore within the 2023-24 fiscal. Its income from operations declined to ₹4,514 crore in opposition to ₹5,010 crore in FY24, it added.