Tata Group’s Voltas Shines in Trade, Rises 4% – Here’s Why

Shares of Tata Group’s leading home appliances maker, Voltas, surged 4% on Monday, March 3, 2025, hitting an intraday high of ₹1,373 per share on the National Stock Exchange (NSE).

The rally comes after Voltas announced the successful transfer of its 92% direct stake in Saudi Ensas Company for Engineering Services W.L.L. to Universal MEP Projects, Singapore (UMPPL) on February 28.

In a regulatory filing with the BSE, Voltas stated, “With all necessary approvals secured and conditions met, the transfer of the company’s 92% investment in Saudi Ensas Company for Engineering Services W.L.L. – Kingdom of Saudi Arabia to Universal MEP Projects – Singapore (UMPPL) was completed on February 28, 2025, for a consideration of ₹61.84 crore.”

Despite the transfer, Voltas clarified that since UMPPL is a step-down wholly owned subsidiary, its economic interest in Saudi Ensas remains intact, maintaining full control over the entity.