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Shares of Vishal Mega Mart Ltd. declined as much as 7.5% on Tuesday, June 17, following a massive block trade
Vishal Mega Mart Block Deal
Vishal Mega Mart Share Price: Shares of Vishal Mega Mart Ltd. declined as much as 7.5% on Tuesday, June 17, following a massive block trade valued at nearly Rs 11,000 crore.
A total of 93.58 crore shares—equivalent to 20% of the company’s outstanding equity—changed hands in the transaction. The shares were exchanged at an average price of Rs 115 apiece, taking the total deal value to Rs 10,488 crore. The identities of the buyers and sellers involved in the transaction remain undisclosed.
The development comes a day after CNBC-TV18 reported that Samayat Services LLP, the promoter entity of Vishal Mega Mart, was planning to sell up to 10% stake through a block deal. Samayat is an investment vehicle of global private equity firms Partners Group and Kedaara Capital. While the initial size of the deal was pegged at over Rs 5,000 crore, it was upsized to around Rs 9,900 crore on Tuesday morning.
As of the March 2025 quarter, Samayat Services held a 74.55% stake in the company.
Interestingly, the large share sale took place just a day after the end of the lock-in period for the company’s pre-IPO shareholders. With the expiry of the lock-in, about 256.2 crore shares—representing 56% of Vishal Mega Mart’s equity—became eligible for trade, unlocking shares worth over Rs 30,000 crore.
Vishal Mega Mart was listed on the stock exchanges in December 2024. As of Monday’s close, the stock had rallied nearly 70% from its IPO issue price of Rs 78.
Following the block deal, shares of Vishal Mega Mart were down 7% in trade, quoting at Rs 116.29 apiece.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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