Vishal Mega Mart Promoters Likely Sell Rs 10,500 Crore Stake in Block Deal; Stock Falls 8%
Shares of Vishal Mega Mart plunged nearly 8% in early trade on Tuesday after reports suggested that promoter entity Samayat Services LLP offloaded a 20% equity stake in the company via a large block deal.
According to market sources and CNBC-TV18, around 91 crore shares worth Rs 10,488 crore changed hands at Rs 115 per share. However, details about the buyers and sellers in the transaction are yet to be officially confirmed.
This massive deal comes a day after reports indicated that the promoter may sell up to 10% stake through block deals, pegged at Rs 5,057 crore, at a floor price of Rs 110 per share — nearly 12% lower than Monday’s closing price of Rs 124.90.
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Vishal Mega Mart shares hit a low of Rs 115.10 on the BSE, down 7.8%, making it one of the biggest losers in mid-cap trade today. On Monday, the stock had ended with marginal gains of 0.93%.
As of March 31, 2025, Samayat Services LLP held a 74.55% stake in the retail chain.
Listed on December 18, 2024, Vishal Mega Mart has seen a strong performance so far in 2025, rising 18% year-to-date as against the Nifty’s 5% return. Since listing, the stock is up 12%.
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The company operates a diversified retail business, primarily through its hypermarket format that caters to India’s middle and lower-middle-income segments. It offers a wide assortment of apparel, general merchandise, and FMCG products, including groceries and household essentials.
In the March 2025 quarter, Vishal Mega Mart reported a robust 88% year-on-year jump in net profit at Rs 115.1 crore. Revenue from operations also rose 23.2% to Rs 2,547.9 crore, while EBITDA surged 42.6% to Rs 357 crore. The EBITDA margin improved to 14% from 12.1% a year ago, indicating stronger operating efficiency.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
