Market Performance
On Thursday, Vishal Mega Mart's share price saw a notable uptick in the market.
- The stock gained 2.6% during the trading session.
- It opened at ₹799.35 on the BSE.
- Intraday high: ₹808 per share
- Intraday low: ₹795.05 per share
The upward movement came after a significant development involving mutual fund investments in the company.
Main News
After The key trigger for the surge in Vishal Mega Mart's share price was the HDFC Mutual Fund's increase in its stake in the company.
- Previous stake: 2.71%
- New stake: 5.94%
- Acquisition date: June 17
- Shares acquired: 15,00,00,456
- Incremental stake: 3.23%
This strategic investment was part of a broader reshuffle in the company's shareholding structure.
Company Details
A major shareholder and promoter entity, Samayat Services LLP, recently offloaded a substantial stake in Vishal Mega Mart.
- Stake sold: 19.6%
- Transaction value: ₹10,220.40 Crore
- Total shares sold: 90 Crore
- Transaction price range: ₹113.51 to ₹113.61 per share
- New promoter holding: Reduced from 74.55% to 54.97%
This transaction took place via open market deals on the National Stock Exchange on Tuesday.
In parallel, three prominent mutual funds acquired large stakes:
- SBI Mutual Fund: Acquired 16.58 Crore shares (3.61%)
- Kotak Mahindra Mutual Fund: Purchased 7.95 Crore shares (1.73%)
- HDFC Mutual Fund: Picked up 7.50 Crore shares (1.63%)
These investments highlight a growing institutional interest in Vishal Mega Mart.
Summary of the Article
- Vishal Mega Mart's share price rose 2.6% amid increased activity from mutual funds.
- HDFC MF now holds a 5.94% stake, up from 2.71%.
- Samayat Services LLP sold a 19.6% stake for over ₹10,220 Crore.
- Mutual funds, including SBI Mutual Funds and Kotak Mutual Funds, have also invested heavily.
- The stock traded between ₹795.05 – ₹808 during the session.
The reshuffling of institutional holdings and promoter divestment has led to renewed investor interest.
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