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.

Also Read | Ola Electric faces investor ire after Q4 results disappoint Street

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…

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