Mumbai – Shares of Vishal Mega Mart fell sharply by nearly 8% in early trading on Tuesday following a massive ₹10,488 crore block deal.
The transaction was executed at an average price of ₹115 per share — around 8% lower than the previous day’s closing price of ₹124.90. By 1:15 PM, the stock had recovered some ground but remained down 3.77%, trading at ₹120.14.
The steep drop caused concern among investors, largely due to the size and timing of the deal.
According to reports, the seller in the deal was Samayat Services LLP, the promoter entity of Vishal Mega Mart. Samayat is backed by global private equity firms Partners Group and Kedaara Capital, and as of March 2025, held approximately 74.55% of the company’s equity.
Market sources indicated that Samayat was looking to offload up to 10% of its stake in this transaction.
The timing of the sale coincides with the expiry of the company’s pre-IPO lock-in period, which had previously restricted early investors from exiting. With the lock-in ending, around 256.2 crore shares — accounting for 56% of the total equity — became eligible for trading, paving the way for this sizable block deal.
Heavy trading volumes were seen in the early hours, with more than 1.2 crore shares changing hands on the National Stock Exchange (NSE) — far exceeding the average daily volume.
Despite the initial market jitters, analysts say the fundamentals of Vishal Mega Mart remain strong. They view the sale as part of a broader portfolio adjustment by private equity investors rather than a signal of weakness in the company’s performance.
Still, in the near term, market sentiment is expected to remain cautious until there’s more clarity around the post-deal ownership structure.
With inputs from IANS