Friday, Feb 27: Shares of Vishal Mega Mart were in focus after a massive block deal involving nearly 14.2% equity of the company was executed on the exchanges. The total transaction value of the deal stood at approximately Rs 7,915 crore, making it one of the largest secondary market transactions in the retail segment.
The large trade was executed through block deal windows during the session, leading to sharp price movement in the counter. The identities of the buyers and sellers were not officially disclosed on the exchanges at the time of reporting.
However, market reports had earlier indicated that Samayat Services LLP was likely to be among the sellers in the transaction. Prior to market open, Bloomberg reported that the size of the block deal had been increased to Rs 7,500 crore from Rs 3,507.5 crore earlier.
As per shareholding data available at the end of the December quarter, promoter Samayat Services held a 54.09% stake in Vishal Mega Mart. The entity is jointly owned by private equity firms Kedaara Capital and Partners Group.
It was also reported that following the block deal, any further stake sale by the promoter would be subject to a lock-in period of 150 days. Notably, in June 2025, Samayat Services LLP had offloaded around 90 crore shares of the company for approximately Rs 10,220 crore.
Further clarity on the final stake dilution and participating institutional buyers is awaited.
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