Particle.news

Download on the App Store

Vishal Mega Mart Promoter Sells 20% Stake in Rs 10,488 Crore Block Deal

The block deal uses shares freed by the lock-in expiry, attracting major institutional buyers.

Image
Vishal Mega Mart IPO GMP
Vishal Mega Mart | Image: Vishal Mega Mart
Image

Overview

  • Promoter Samayat Services LLP offloaded 93.58 crore shares—20% of equity—in a Rs 10,488 crore block deal just one day after the expiry of the pre-IPO lock-in period.
  • The shares were exchanged at an average of Rs 113.5 per share, representing a roughly 9% discount to the prior day’s closing price of Rs 124.85.
  • SBI Mutual Fund, Kotak Mahindra Mutual Fund and HDFC Mutual Fund together acquired nearly 7% of the company, spending about Rs 3,595 crore.
  • Vishal Mega Mart’s stock initially plunged 7.84% on the announcement but rebounded to finish 4% higher at Rs 130 on June 17.
  • The company has gained 18% year-to-date and reported an 88% jump in net profit to Rs 115.1 crore for the March 2025 quarter.