Vishal Mega Mart Share Price Slides After ₹7,500 Crore Block Deal: Stock Market Today Update

Shares of Vishal Mega Mart witnessed a sharp decline on Friday following a significant block deal, where roughly 14.2% of equity changed hands. The transaction, valued at around ₹7,500 crore, drew attention in the markets and sparked active trading in the Gurugram-based retailer’s stock.

Market Performance

• Vishal Mega Mart shares opened weaker, hitting an intraday low of ₹117.80.
• On Thursday, the stock had closed at ₹127.53, up 3.7% amid a largely flat market.
• The secondary market block deal significantly influenced trading sentiment, reflecting the shift in promoter holding.

Main News: Big Block Deal Unfolds

The large transaction, initially anticipated as a 6.5% stake sale, eventually escalated to 14.2% equity offloaded.

Key highlights of the block deal:

• Promoter entity Samayat Services LLP, backed by Kedaara Capital, executed the sale.
• The proposed offloaded shares will carry a lockup period of 150 days.
• The deal underscores another liquidity event for Samayat, following multiple earlier share sales since the company’s IPO.

Company Details

• Promoter Stake: As of December-end, Samayat held 54.09% of Vishal Mega Mart.
• Past Transactions:
  • 2018 Acquisition: Samayat and Partners Group acquired Vishal Mega Mart from TPG Capital and Shriram Group for ₹5,000 crore.
  • December 2024 IPO: Offer-for-sale raised ₹8,000 crore.
  • June 2025 Block Sale: 900 million shares (19.6% stake) sold for ₹10,220 crore, involving major fund houses such as SBI Mutual Fund, Kotak Mahindra Mutual Fund, and HDFC Mutual Fund.
• Advisors: Kotak Securities Ltd and Morgan Stanley India Co advised on the block transaction.

Financial Snapshot (Quarter Ended December)

Vishal Mega Mart reported healthy growth across key metrics:

• Revenue: ₹3,670 crore (17% YoY increase)
• EBITDA: ₹605 crore (20% YoY growth)
• EBITDA Margins: 16.5% (up from 16.1% a year ago)
• Net Profit: ₹313 crore (19% YoY rise)

The numbers indicate steady operational performance, despite the market impact of the block deal.

Summary

Vishal Mega Mart’s share price decline on Friday primarily reflects the execution of a large block deal by its promoters, amounting to ₹7,500 crore. While the transaction marks a significant liquidity event for Samayat Services, the company’s quarterly financials show healthy growth, with revenue, EBITDA, and net profit all trending upward.

With such a large stake changing hands, investors are closely watching how promoter holdings and the stock price move in the coming days, as the deal could influence share availability in the market.

Source: Livemint