New Delhi, June 3 -- South Korean automaker Hyundai Motor Company on Tuesday exited Ola Electric Mobility by selling its entire 2.47 per cent stake in the company for Rs.552 crore through an open market transaction.

According to the bulk deal data available on the NSE, Hyundai Motor Company sold more than 10.88 crore shares or 2.47 per cent stake in Bengaluru-based Ola Electric Mobility.

The shares were disposed of at an average price of Rs.50.70 apiece, taking the transaction value to Rs.551.96 crore.

In a separate transaction, Kia Corporation, a part of global Hyundai-Kia Automotive Group, also offloaded over 2.71 crore shares, representing a 0.62 per cent stake in Ola Electric Mobility.

The shares were sold by Kia Corporation at an...