cURL Error: 0 Vishal Mega Mart promoter entity may sell 6.5% stake through block deal: Report - PratapDarpan

Vishal Mega Mart promoter entity may sell 6.5% stake through block deal: Report

Date:

Vishal Mega Mart’s promoter entity Samayat Services LLP is expected to sell 6.5% stake in the company through a block deal. Share Rs. 115, implying a 10% discount from today’s closing price, ET Now reported.

Samayat Services held 54.09% (252.74 crore) stake in Vishal Mega Mart as on December 31, 2025 and under the stake sale, 3.05 crore shares will be offloaded, the report said.

Shares of Vishal Mega Mart on NSE today at Rs. 127.53, up from Wednesday’s closing price of Rs. 4.56 or 3.71% up to Rs. Over 4 crore shares were traded in the stock today amid strong volume.

Shares of Vishal Mega Mart have rallied 24% in a year, better than the Nifty’s 13% and the BSE Sensex’s 10% in the same period.

According to Trendlyne data, the stock is currently trading above its 50-day simple moving average (SMA) of Rs. 127 is trading above while Rs. Below the 200-day SMA of 136.

The company’s consolidated net profit for the quarter ended December was Rs. 313 crore, which in the previous year period was Rs. 263 crore showing a growth of 19 percent. In the quarter under review, its total revenue stood at Rs. 3,695 crore, up 17% from 3,155 crore in the same quarter last fiscal.

Vishal Mega Mart is one of the leading Indian fashion-driven hypermarket chains with over 780 stores, focusing on affordable fashion, general merchandise and groceries for middle-income consumers.

In another news, Home First Finance Co India’s promoter companies Aether (Mauritius) Limited and True North Fund V LLP today Thursday in separate bulk deals worth Rs. 326 crore and Rs. 334 crore shares were sold. The buyers were the French multinational bank Société Générale and PICTET – Indian Equities.

Between them they have Rs. 660 crore shares were sold.

About 6% lower than Wednesday’s closing price, Rs. The stock fell sharply today to close at 1,176.25.

Read More: Home First Finance Bulk Deal Alert: Promoters to offer Rs. 660 crore stake sold; Société Générale between buyers

(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times.)

Add ET logo As a trusted and reliable news source
Google logo Add now!


(You can now subscribe to our ETMarkets WhatsApp channel)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Vir Das says his new show is ‘an ode to strangers’. read why

Vir Das says his new show is 'an ode...

Allu Sirish will host a pre-wedding party for industry friends on March 2. Description

Allu Sirish will host a pre-wedding party for industry...

વર્લ્ડ ઇકોનોમિક ફોરમના વડા બોર્ગે બ્રેન્ડે એપસ્ટેઇન સંબંધોની તપાસ વચ્ચે રાજીનામું આપ્યું

વર્લ્ડ ઇકોનોમિક ફોરમના વડા બોર્ગે બ્રેન્ડે એપસ્ટેઇન સંબંધોની તપાસ...

Brown, Beats 2 Screen at Yale; Karan Johar is proud

Brown, Beats 2 Screen at Yale; Karan Johar is...