Voltamp Transformers shares in focus as promoter plans 7% equity stake sale via block deal

Shares of Voltamp Transformers Ltd are expected to be in focus on Tuesday, September 9, following reports that promoter Kunjal Patel is likely to offload up to 7.88 lakh shares, representing around 7% equity in the company, through a block deal valued at approximately $67 million.

According to sources cited by CNBC-TV18, the proposed transaction has a floor price of Rs 7,600 per share, which is at a marginal discount to the stock’s last traded price of Rs 7,777.50. The deal structure and pricing are likely to attract market interest, particularly from institutional buyers looking for high-value block allocations in a fundamentally strong midcap engineering play.

Currently, Kunjal Patel holds a 37.8% stake in the company. A successful sale of 7.88 lakh shares would reduce his holding significantly and may alter promoter holding dynamics going forward. Importantly, the deal comes with lock-up conditions—the full portion of shares sold through the block deal will carry a two-year lock-in period, while any unsold portion will be subject to a one-year lock-in.


Voltamp Transformers is a Baroda-based company and is mainly into the manufacturing of various types of oil-filled power & distribution transformers of various classes.

Over the past year, the shares of Voltamp Transformers have declined by 43.56%, while the year-to-date (YTD) performance shows a 25.31% drop. In contrast, the stock has gained 12.33% over the past six months. However, it recorded a 15.15% fall over the three-month period and a 2.41% decline in the last one month.

Also read: Damani, Madhu Kela join Ranbir Kapoor to back this smallcap; acquire stake via bulk deals. Shares surge 10%

On Monday, shares of Voltamp Transformers closed 1.2% lower at Rs 7,774.40 on the BSE.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)