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.
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