The number of shares that changed hands, amount to 8% of the outstanding equity in the stock.
Shares changed hands at an average price of ₹7,611 per share, which takes the total transaction value to ₹618 crore.According to sources in the know who spoke to CNBC-TV18, promoter Kunjal Patel is likely to be the seller in the transaction.
On the financial front, Voltamp has posted modest growth since the first stake sale. Revenue is up 11% from Q2 FY24 to Q1 FY26, while margins have contracted by 90 basis points to 17.1%. Net profit, however, has risen 16% during the same period.
Post-transaction, the promoter holding is expected to fall below 30%. If the entire 7.8% stake is sold, the shares will be subject to a two-year lock-in.
This marks Patel’s second major stake sale in a year. In September 2023, he had sold a 12% stake at ₹4,633 per share.
Since then, Voltamp’s stock touched an all-time high of ₹14,880 in August 2024 but has since corrected sharply, down 25% year-to-date and 46% from its 52-week high. Despite this, the stock is still up 66.3% since the last block deal in September 2023.
