Vishal Mega Mart ₹10,488 Crore Block Deal: Shares Plunge 8% Suddenly! Promoters Selling Stake?
Vishal Mega Mart shares tumbled nearly 8% in early trade on Tuesday, following a massive block deal worth ₹10,488 crore. According to a June 17 report, this significant equity transaction is likely a result of promoters offloading their stake in the company.
As reported by LiveMint, based on information from CNBC-TV18, around 91 crore shares or approximately 19.82% equity in Vishal Mega Mart were transferred via this block deal. The shares were reportedly sold at ₹115 per share, which is a 7.9% discount compared to the previous closing price of ₹124.90.
The block deal was first reported by CNBC-TV18. Earlier, the promoters had sold a 10% stake worth ₹5,057 crore. Reports suggest that the promoters are planning to sell 20% equity in total, amounting to approximately ₹9,896 crore.
Why Did Vishal Mega Mart Shares Fall?
The primary reason behind today’s sharp drop in Vishal Mega Mart’s stock price is the large stake sale by the company’s promoter entity, Samayath Services LLP. According to reports, Samayath may have sold up to 20% of its stake through the block deal.
CNBC-TV18 confirmed that 91 crore shares worth ₹10,488 crore were exchanged in the block deal.
As of March 31, 2025, Samayath Services LLP held a 74.55% stake in Vishal Mega Mart. The company’s market capitalization as of December 18, 2024, stood at ₹58,096 crore, classifying it as a mid-cap stock.
Despite today’s decline, Vishal Mega Mart has performed strongly overall this year. In 2025 alone, the stock has gained about 18%, and since its listing on the NSE, it has risen by 12%.
Current Vishal Mega Mart Share Price
As of 10:52 AM today, Vishal Mega Mart shares were trading at ₹120.18, down by ₹4.67 or 3.74% on the NSE. This indicates a partial recovery from the early morning slump.
Disclaimer: The above information is for informational purposes only. Investing in the stock market is subject to market risks. Always conduct your own research or consult a financial advisor before making any investment decisions.