<ul><li>Hyundai Motor and Kia Corporation have sold their entire stakes in Ola Electric Mobility for a total of Rs 690 crore.</li><li>Hyundai offloaded 10.88 crore shares at Rs 50.70 apiece, amounting to Rs 552 crore, while Kia sold 2.71 crore shares at Rs 50.55 each, totaling Rs 138 crore.</li><li>Citigroup Global Markets Mauritius acquired a significant portion of the shares at a 6% discount to Monday's closing price, buying 8.61 crore shares for over Rs 435 crore.</li><li>Ola Electric's financial performance has been under scrutiny, with a reported consolidated net loss of Rs 870 crore in the March quarter and a decline in quarterly revenue by over 60% to Rs 611 crore.</li></ul>

Hyundai Motor, Kia exit Ola Electric after selling entire stake for Rs 690 crore

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