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

by theadvisertimes.com
4 months ago
in Business
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Vishal Mega Mart bulk deal: Govt of Singapore, HDFC MF buy stakes as promoter sells 14% for Rs 7,636 crore
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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.

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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.)



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Tags: bulkBuycroredealGovthdfcMartMegaPromotersellsSingaporestakesVishal
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