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Time of India
20-06-2025
- Business
- Time of India
Vishal Mega Mart block deal: US asset manager Vanguard buys stake worth Rs 655 crore
Vanguard, a major asset manager, invested in Vishal Mega Mart by purchasing over 5 crore shares. The deals, executed through two funds, totaled Rs 655 crore. This followed a sale of equity shares by Vishal Mega Mart promoter Samayat Services. Other buyers included SBI Mutual Fund, HDFC MF, and Kotak Mahindra MF. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads One of the world's largest asset managers Vanguard on Friday executed two large block deals in Vishal Mega Mart Limited, acquiring a total of over 5 crore shares worth Rs 655 crore. The US-based company bought shares in the Indian retailer through a couple of funds viz. Vanguard Total International Stock Index Fund and Vanguard Emerging Markets Stock Index the former case, 2.65 crore shares were bought at a price of Rs 129.74 per share, amounting to a deal size of approximately Rs 344 crore. Simultaneously, 2.39 crore shares were purchased by the latter at the same price of Rs 129.74, translating to a transaction value of about Rs 310.8 of Vishal Mega Mart today ended the day at Rs 129.65, gaining by Rs 3.55 or 2.82% on the Tuesday, Vishal Mega Mart promoter entity Samayat Services LLP sold 90 crore equity shares worth Rs 10,220 crore in the company via block deals. Among the buyers were SBI Mutual Fund, HDFC MF and Kotak Mahindra MF who bought just over 32 crore shares between them at a combined cost of Rs 3,636 to the deal, Samayat Services held 74.55% stake in the company as on March 31, More: Vishal Mega Mart promoter sells equity worth Rs 10,220 crore via block deals, 3 mutual funds among buyers The midcap company, which has a market capitalisation of Rs 60,257.17 was listed on December 18, Mega Mart shares have rallied 22% in 2025, so far outperforming Nifty which has delivered 6% returns this year. Since its listing the returns stand at 15%.Vishal Mega Mart is a diversified retail company in India, primarily operating as a hypermarket chain. Their core business revolves around providing a wide range of products at affordable prices to middle and lower-middle-income groups. They offer products under categories like apparel, general merchandise and Fast-Moving Consumer Goods (FMCG) including groceries, personal care items and household Read: TPG offloads Rs 1,505 cr stake in Sai Life via block deals; Norges Bank, MFs step in The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.
Economic Times
20-06-2025
- Business
- Economic Times
Vishal Mega Mart block deal: US asset manager Vanguard buys stake worth Rs 655 crore
Vanguard, a major asset manager, invested in Vishal Mega Mart by purchasing over 5 crore shares. The deals, executed through two funds, totaled Rs 655 crore. This followed a sale of equity shares by Vishal Mega Mart promoter Samayat Services. Other buyers included SBI Mutual Fund, HDFC MF, and Kotak Mahindra MF. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads One of the world's largest asset managers Vanguard on Friday executed two large block deals in Vishal Mega Mart Limited, acquiring a total of over 5 crore shares worth Rs 655 crore. The US-based company bought shares in the Indian retailer through a couple of funds viz. Vanguard Total International Stock Index Fund and Vanguard Emerging Markets Stock Index the former case, 2.65 crore shares were bought at a price of Rs 129.74 per share, amounting to a deal size of approximately Rs 344 crore. Simultaneously, 2.39 crore shares were purchased by the latter at the same price of Rs 129.74, translating to a transaction value of about Rs 310.8 of Vishal Mega Mart today ended the day at Rs 129.65, gaining by Rs 3.55 or 2.82% on the Tuesday, Vishal Mega Mart promoter entity Samayat Services LLP sold 90 crore equity shares worth Rs 10,220 crore in the company via block deals. Among the buyers were SBI Mutual Fund, HDFC MF and Kotak Mahindra MF who bought just over 32 crore shares between them at a combined cost of Rs 3,636 to the deal, Samayat Services held 74.55% stake in the company as on March 31, More: Vishal Mega Mart promoter sells equity worth Rs 10,220 crore via block deals, 3 mutual funds among buyers The midcap company, which has a market capitalisation of Rs 60,257.17 was listed on December 18, Mega Mart shares have rallied 22% in 2025, so far outperforming Nifty which has delivered 6% returns this year. Since its listing the returns stand at 15%.Vishal Mega Mart is a diversified retail company in India, primarily operating as a hypermarket chain. Their core business revolves around providing a wide range of products at affordable prices to middle and lower-middle-income groups. They offer products under categories like apparel, general merchandise and Fast-Moving Consumer Goods (FMCG) including groceries, personal care items and household Read: TPG offloads Rs 1,505 cr stake in Sai Life via block deals; Norges Bank, MFs step in The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.
India Today
17-06-2025
- Business
- India Today
Explained: Why Vishal Mega Mart shares crashed 8% today
Vishal Mega Mart shares tanked by nearly 8% on Tuesday, hitting a low of Rs 115.10 in early trading on the BSE. Over the past five days, the stock has dropped by 8.83%. The main reason behind the sudden fall in Vishal Mega Mart's share price was the likely sale of a large stake by the company's promoter, Samayat Services LLP. Reports showed that Samayat Services may have sold around 20% of its equity in the company through a block to CNBC TV-18, about 91 crore shares changed hands at Rs 115 per share, valuing the transaction at roughly Rs 10,488 crore. However, the official details of the parties involved in the deal are not yet news had suggested the promoter was planning to sell a smaller stake of 10% in the company through block deals. This was estimated to be worth Rs 5,057 crore and expected to be done at a floor price of Rs 110 per share. This price was about 12% lower than the closing price on Monday, which was Rs Monday, the shares ended the day with a small gain of Rs 1.15, or 0.93%.As of March 31, 2025, Samayat Services held a 74.55% stake in Vishal Mega Mart. The company is a mid-cap stock with a market value of Rs 58,096 crore and was listed on the stock exchanges on December 18, the recent drop, Vishal Mega Mart's shares have done well overall this year. They have risen 18% in 2025 so far, outperforming the Nifty index, which has given a return of 5% year-to-date. Since the company's listing, the stock has gained 12%.Vishal Mega Mart is a retail company that operates a chain of hypermarkets in India. Its main focus is on offering a wide range of products at affordable prices, mainly targeting middle and lower-middle-income consumers. The company sells items across categories like clothing, general goods, and fast-moving consumer goods (FMCG) such as groceries, personal care products, and household company's financial performance has been strong. For the quarter ending March 2025, Vishal Mega Mart reported a net profit of Rs 115.1 crore. This was an 88% increase from Rs 61.2 crore in the same quarter last from operations also rose by 23.2% to Rs 2,547.9 crore in the quarter, compared to Rs 2,068.9 crore in the corresponding period in 2024. The company's operating profit, measured by EBITDA, increased 42.6% to Rs 357 crore from Rs 250.5 crore a year EBITDA margin, which shows the percentage of revenue converted into operating profit before interest, tax, depreciation, and amortisation, improved to 14% from 12.1% in the previous year's quarter. advertisement
