Vishal Mega Mart Promoter Sells Nearly 14% Stake for Rs 7,635 Crore

Promoter entity Samayat Services LLP, backed by Kedaara Capital and Partners Group, sold nearly a 14% stake in Vishal Mega Mart for approximately Rs 7,635 crore through bulk deals at around Rs 117 per share. Following the sale, Samayat's holding declined from 54.09% to about 40.13%. Key buyers included the Government of Singapore, HDFC Mutual Fund, and the Monetary Authority of Singapore. Despite strong quarterly earnings with 19% profit growth, Vishal Mega Mart's shares fell over 7% amid heavy trading.