Vishal Mega Mart Share Declines Over 9% After 91 Crore Shares Change Hands In Block Deal

Vishal Mega Mart Share News: Vishal Mega Mart share price declined 9 per cent to trade at Rs 113.5 apiece on the NSE on June 17. The stock declined after the company’s promoter pared stake in the diversified retail player in a block deal. According to reports shares worth Rs 10,488 changed hands in the block deal.

As per a report by CNBC TV-18 as many as 91 crore equity shares or nearly 19.82 per cent equity of Vishal Mega Mart was traded in the block deal. The promoter of the company Samayat Services LLP planned to pare its stake as per reports. However, the exact identities of the buyers and the sellers who participated in the block deal are unknown. Notably, the promoters held 74.55 per cent stake in the diversified retail company as of March 31, 2025.

The shares were traded at Rs 115 apiece in the block deal which is 7.9 per cent lower than the previous closing price of the stock. The stock closed at Rs 124.9 apiece on June 16.

As per the report, the size of the Vishal Mega Mart block deal increased from what it had been earlier. The report said that the promoters had previously planned to decrease their stake by selling 10 per cent of their total holding estimated to be worth Rs 5,057 crore. However, the size of the deal was doubled as the promoters sought to sell a 20 per cent stake for Rs 9,896 crore in the block deal.

Vishal Mega Mart IPO

Earlier in 2024, the company raised Rs 8000 crore via an Initial Public Offer (IPO) which comprised an Offer- For-Sale (OFS) of 102.56 crore shares. The promoters of the company Samayat Services LLP and Kedaara Capital Fund II LLP participated in the OFS and decreased their stake from 96.46 per cent to 76.02 per cent.

The price band for Vishal Mega Mart IPO was fixed at Rs 78 per share. On December 18 the stock listed with a premium of 33.33 per cent at Rs 104 apiece over its issue price. At the intraday low of Rs 113.5 hit by the stock in early trade it is trading 9.13 per cent higher than its listing price and 45.51 per cent higher than its issue price.

Vishal Mega Mart Share Price Trend

So far in 2025 shares of Vishal Mega Mart have gained over 13 per cent. In the past six months, the stock has gained over 9 per cent. In a month shares of the company have declined over 6 per cent. In the past five days Vishal Mega Mart shares have slipped nearly 8 per cent.

At the time of writing shares of Vishal Mega Mart traded at Rs 120.2 apiece down by 3.72 per cent on the NSE.