Voltamp Transformers falls 3% on promoter’s 7% stake sale
Voltamp Transformers is in the focus as its promoter, Kunjal Lalitkumar Patel, plans to sell about 7 percent stake (7.9 lakh shares) worth ₹599 crore through block deals at ₹7,600 per share. Nuvama Wealth Management is managing the deal. Following the news, the share price of the company declined over 3 percent.