Ola Electric share price crashes 7% on block deal buzz; Hyundai likely seller
Shares of Ola Electric, the electric two-wheeler manufacturer, tumbled 7% in intraday deals on Tuesday, June 3, amid reports of a block deal in the counter.
According to a CNBC TV-18 report, 3.23% equity or 14.22 crore shares of the company changed hands at ₹51.4 per share. The report, citing sources, said that Hyundai was the likely seller in the Ola Electric block deals.
As of the March 2025 quarter, Hyundai Motor Company held 10.88 crore shares of Ola Electric, representing a 2.47% stake.
Ola Electric share price trend
With today’s decline, Ola Electric’s stock once again slipped below ₹50 per share. The EV stock opened at ₹53, slightly below its last…
