Shares of Voltamp Transformers and Nykaa were trading up to 3.3% lower on September 9 due to large block trades in both the stocks.
8.12 lakh shares of Voltamp Transformers, which represents 8% equity, worth Rs 618 crore changed hands at Rs 7,611 apiece through block trades.
CNBC-Awaaz reported on September 8 that promoter Kunjal Patel could be selling the shares.
At 12:15 pm on September 9, Voltamp shares were trading 3.3% lower at Rs 7,521 apiece.
Patel currently holds about 37.8% in the company.
In June quarter, Voltamp reported a nearly flat net profit of Rs 79.5 crore, with revenue down 1.1% year-on-year to Rs 423.6 crore. Its EBITDA fell 2.8% to Rs 72.7 crore, with margins narrowing slightly to 17.2%.
Meanwhile, 1.23 million shares of FSN E-Commerce Venture, the parents of Nykaa, changed hands in block trades on September 9, showed Bloomberg data.
At 12:15 pm on September 9, Nykaa shares were trading 3% lower at Rs 239.86 apiece.
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