Friday, Feb 27: Shares of Vishal Mega Mart declined sharply in early trade, falling over 7% during Friday’s session. The stock was trading at Rs 119.75, down 6.10% or Rs 7.78 at 9:16 AM (IST), compared to its previous close.
The sharp drop comes amid heavy trading volumes on the NSE, with the counter witnessing heightened activity in the opening minutes. The stock’s one-day performance reflects a significant correction from recent levels, placing it among the major early losers in the retail segment for the day.
The weakness in the stock is attributed to an impending block deal that is set to take place in the counter. Prior to market open, Bloomberg reported, citing sources, that the size of the block deal has been increased to Rs 7,500 crore from Rs 3,507.5 crore earlier.
According to reports, Samayat Services LLP was likely to sell up to a 6.9% stake in the hypermarket chain at Rs 115 per share for Rs 3,507.5 crore via a block deal. As per data available on the stock exchanges, promoter Samayat Services held a 54.09% stake in Vishal Mega Mart at the end of the December quarter.
It was also reported that after the block deal, any further stake sale would be subject to a lock-in period of 150 days. Back in June 2025, Samayat Services LLP had sold around 90 crore shares of the company for approximately Rs 10,220 crore.
Samayat Services is jointly owned by private equity firms Kedaara Capital and Partners Group.
Separately, Vishal Mega Mart’s managing director and CEO Gunender Kapur had earlier stated that India is poised for the next wave of consumption growth, aided by initiatives such as GST rate rationalisation and reforms in direct taxation. He expressed optimism about the positive impact of these changes on the business in the coming years.
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