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Voltas To Restructure Domestic Projects And Engineering Business; Shares Fall

The domestic projects business contributed to more than 14% of Voltas’ overall revenue in FY20.

Hormaz Fatakia
Air conditioners are displayed in a showroom (Photographer Qilai Shen/Bloomberg)

Voltas Ltd. will transfer its domestic projects business into a wholly owned subsidiary through a slump sale, three months after the consumer durables maker approved the restructuring in principle.

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Hormaz Fatakia
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