Vishal Mega Mart drops after block deal
While the buyers and sellers are unknown, media reports suggest that the companys promoter, Samayat Services LLP, likely offloaded a 20% equity stake via a block deal. The deal was likely executed at a floor price of Rs 110 per share, about 12% lower than Mondays closing price of Rs 124.90.
Trading volumes surged with BSE seeing 3.44 crore shares change hands, compared to the 3-month average of 7.66 lakh shares. NSE volumes surged to 107.89 crore shares, above the 3-month average of 1.81 crore.
As of March 2025, Samayat Services LLP held a 74.55% stake in Vishal Mega Mart.
Vishal Mega Mart is a leading retail player. It offers products across three major product categories, i.e., apparel, general merchandise and FMCG, through a pan-India network of 696 Vishal Mega Mart stores as of 31 March 2025 and Vishal Mega Mart mobile application and website.
On a consolidated basis, the company's adjusted PAT (pre-ESOP charges) stood at Rs 128.10 crore (5.0% margin), a y-o-y growth of 109.9%. Revenue from operations stood at Rs 2547.90 crore, a y-o-y growth of 23.2%.
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