Voltas, country’s leading residential air-conditioner maker, has transferred its entire 34% shareholding comprising 50,000 equity shares of Rs 10 each in Voltas Material Handling (VMH) for a consideration of Rs 58 crore on November 02, 2012.
The company has transferred its stake in favour of Linde Material Handling Asia Pacific, Singapore, an affiliate of KION Group, Germany, an existing shareholder with balance 66% shareholding in VMH.
Voltas is one of the world's premier engineering solutions providers and project specialists. The company offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, materials handling equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.
