Vishal Mega Mart Share Price Plunges Nearly 8% Following ₹10,488 Crore Block Deal

Market Performance

Vishal Mega Mart's share price witnessed a sharp decline of 7.8% on June 17, tumbling to an intraday low of ₹115.10. The drop was triggered by a large-scale block deal involving ₹10,488 Crore worth of equity.

• Opening Price: ₹124.90 (previous close)
• Day's Low: ₹115.10
• Current Price (as of 10:10 am): ₹119.10
• Intraday Fall: 4.64%
• Year-to-Date Gain: 12%

Block Deal Triggers Stock Fall

A massive block deal involving 91 Crore shares, equating to 19.82% of Vishal Mega Mart's equity, took place at a price of ₹115 per share. This price was nearly 7.9% lower than the last closing rate. As per reports, this transaction is not an official company statement.

• Deal Size: ₹10,488 Crore
• Shares Traded: 91 Crore
• Deal Price: ₹115 per share
• Discount to Previous Close: 7.9%

Earlier reports suggested that the company's promoters were planning to sell only 10% of their holding to raise ₹5,057 Crore. However, the deal size was later increased, with nearly 20% stake offloaded, raising a total of ₹9,896 Crore.

Company Details

Vishal Mega Mart, a prominent mid-cap retailer, is no stranger to significant transactions. The latest block deal follows its ₹8,000 Crore initial public offering (IPO) held in December 2024, which was an entirely offer-for-sale by promoters.

As per the March 2025 quarter, the promoter holding in Vishal Mega Mart stood at 74.55%, a figure expected to change following the recent equity transaction.

Financial Performance

Revenue

• ₹2,548 Crore, up 23% YoY in Q4 FY25

EBITDA

• Marginal improvement seen in profitability
• EBITDA Margin: 14%, compared to 12.1% in Q4 FY24

Net Profits

• ₹115.1 Crore, marking an 88% YoY growth

Summary

The Vishal Mega Mart share price experienced a notable decline of nearly 8% amid a significant ₹10,488 Crore block deal, which saw 91 Crore shares change hands at a discount. The transaction is linked to the company's promoters substantially reducing their stake. Despite the stock dip, Vishal Mega Mart continues to post strong financials, including an 88% rise in net profits and 23% revenue growth in the March 2025 quarter.