India, June 3 -- Update | June 3, 10:17 PM

Hyundai Motor Company and Kia Corporation together offloaded more than 13.6 Cr shares in electric vehicle (EV) maker Ola Electric in multiple bulk deals worth INR 689.31 Cr.

As per the NSE data, Hyundai Motor Company sold 10.88 Cr shares, or a 2.47% stake, at INR 50.7 apiece, translating into a sum of INR 551.96 Cr. Meanwhile, Kia Corporation sold 2.71 Cr shares at INR 50.55 each for a cumulative total of INR 137.34 Cr.

Of the shares that flooded the market, Citi Group Global Markets Mauritius lapped 8.61 Cr shares at INR 50.55 each for a cumulative amount of INR 435.7 Cr.

With this, Hyundai has exited the EV maker's cap table. As per the BSE data, the automaker held a 2.47% stake in the comp...