No Result
View All Result
  • Login
Monday, August 3, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

Vishal Mega Mart bulk deal: Govt of Singapore, HDFC MF buy stakes as promoter sells 14% for Rs 7,636 crore

by theadvisertimes.com
5 months ago
in Business
Reading Time: 2 mins read
A A
0
Vishal Mega Mart bulk deal: Govt of Singapore, HDFC MF buy stakes as promoter sells 14% for Rs 7,636 crore
Share on FacebookShare on TwitterShare on LInkedIn


The Government of Singapore and HDFC Mutual Fund acquired promoter stakes worth Rs 1,485 crore and Rs 1,100 crore, respectively, in Vishal Mega Mart through separate bulk deals on Friday. The Monetary Authority of Singapore also emerged as a key buyer, picking up shares worth Rs 858 crore in the grocery-to-fashion retailer.

Promoter entity Samayat Services LLP offloaded a 14% stake representing 65.25 crore shares in two tranches that were together valued at Rs 7,636 crore.

The Government of Singapore bought 12.69 crore shares at a price of Rs 117 apiece. Meanwhile, HDFC MF executed a couple of deals to acquire over 9.40 crore shares in the company. The Monetary Authority of Singapore purchased 7.33 crore shares.

Shares of Vishal Mega Mart today ended at Rs 117.85 on the NSE, down by Rs 9.68 or 7.59% over the Thursday closing price.

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

Live Events

Vishal Mega Mart shares have gained 14% over a one year period, which is a slight outperformance over Nifty’s 12% and BSE Sensex’s 9% in the same period.The stock is currently trading below its 50-day and 200-day simple moving averages (SMA) of Rs 127 and Rs 136, respectively according to Trendlyne data.The company’s consolidated net profit for the December ended quarter stood at Rs 313 crore, which is a growth of 19% over Rs 263 crore in the year ago period. Its total revenue in the quarter under review stood at Rs 3,695 crore, up 17% 3,155 crore in the corresponding quarter of the last financial year.Vishal Mega Mart is one of the leading Indian fashion-led hypermarket chain with over 780 stores, focusing on affordable fashion, general merchandise, and grocery for middle-income customers.

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



Source link

Tags: bulkBuycroredealGovthdfcMartMegaPromotersellsSingaporestakesVishal
ShareTweetShare
Previous Post

DJT Trump Media in talks to spin off Truth Social

Next Post

The Top Trending Rental Markets to Start 2026 Are Not What You’d Expect

Related Posts

Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

by theadvisertimes.com
August 3, 2026
0

Palantir blew past Wall Street’s financial targets in its second quarter and forecast strong growth in the coming months, sending...

Salesforce Remains Down But Turning Positive: 100%+ Returns Lie Ahead According to This Analyst

Salesforce Remains Down But Turning Positive: 100%+ Returns Lie Ahead According to This Analyst

by theadvisertimes.com
August 3, 2026
0

Quick Read Needham's Scott Berg carries a $400 price target on CRM, implying 117% upside, anchored by Agentforce ARR growing...

Kansai Nerolac Q1 profit rises 5%; approves Rs 601 crore capacity expansion

Kansai Nerolac Q1 profit rises 5%; approves Rs 601 crore capacity expansion

by theadvisertimes.com
August 3, 2026
0

Kansai Nerolac Paints reported a more than 5% rise in consolidated net profit for the June quarter, aided by healthy...

Former Mossad chief appointed Ondas president

Former Mossad chief appointed Ondas president

by theadvisertimes.com
August 3, 2026
0

US company Ondas (Nasdaq: ONDS) today announced that David Barnea, the former head of Israel’s Mossad intelligence agency has...

Liberty Lifestyle: Youth Sports Burnout

Liberty Lifestyle: Youth Sports Burnout

by theadvisertimes.com
August 3, 2026
0

Organized sports are a major part of childhood in the United States, attracting tens of millions of children annually. Over...

Bitcoin and ethereum prices today, Monday, August 3, 2026: Prices pulling back this morning despite de-escalation with Iran

Bitcoin and ethereum prices today, Monday, August 3, 2026: Prices pulling back this morning despite de-escalation with Iran

by theadvisertimes.com
August 3, 2026
0

Bitcoin (BTC-USD) opened at $63,497.25 on Monday, August 3, 2026, 1.2% higher than Sunday's opening price. As of 8:54 a.m....

Next Post
The Top Trending Rental Markets to Start 2026 Are Not What You’d Expect

The Top Trending Rental Markets to Start 2026 Are Not What You'd Expect

British Gamblers Could Soon Pay with Crypto as FCA Eyes New Rules

British Gamblers Could Soon Pay with Crypto as FCA Eyes New Rules

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
The 22 Largest US Funding Rounds of May 2026 – AlleyWatch

The 22 Largest US Funding Rounds of May 2026 – AlleyWatch

June 30, 2026
Market Talk – August 3, 2026

Market Talk – August 3, 2026

0
5 Home-Energy Assistance Documents Seniors May Need Before Applications Open

5 Home-Energy Assistance Documents Seniors May Need Before Applications Open

0
As PE crowds out RIA buyers, here’s what sellers need to know

As PE crowds out RIA buyers, here’s what sellers need to know

0
Bitcoin and ethereum prices today, Monday, August 3, 2026: Prices pulling back this morning despite de-escalation with Iran

Bitcoin and ethereum prices today, Monday, August 3, 2026: Prices pulling back this morning despite de-escalation with Iran

0
The Pieces of AGI Are Falling Into Place

The Pieces of AGI Are Falling Into Place

0
Kansai Nerolac Q1 profit rises 5%; approves Rs 601 crore capacity expansion

Kansai Nerolac Q1 profit rises 5%; approves Rs 601 crore capacity expansion

0
Market Talk – August 3, 2026

Market Talk – August 3, 2026

August 3, 2026
5 Home-Energy Assistance Documents Seniors May Need Before Applications Open

5 Home-Energy Assistance Documents Seniors May Need Before Applications Open

August 3, 2026
As PE crowds out RIA buyers, here’s what sellers need to know

As PE crowds out RIA buyers, here’s what sellers need to know

August 3, 2026
Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

August 3, 2026
Trump Says Exxon and Chevron Profited Too Much During Iran War Oil Spike

Trump Says Exxon and Chevron Profited Too Much During Iran War Oil Spike

August 3, 2026
Big Tech FIRED 700,000 People (It Didn’t Work)

Big Tech FIRED 700,000 People (It Didn’t Work)

August 3, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Market Talk – August 3, 2026
  • 5 Home-Energy Assistance Documents Seniors May Need Before Applications Open
  • As PE crowds out RIA buyers, here’s what sellers need to know
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.