Vishal Mega Mart shares declined 3.43 per cent to ₹120.57 on Tuesday morning following a massive block deal by promoter entity Samayat Services LLP. The stock opened at ₹115.49, significantly lower than Monday’s closing price of ₹124.85, and traded between ₹113.50 and ₹121.11 during the session.

Samayat Services LLP, the investment vehicle of Partners Group and Kedaara Capital, completed the sale of a 19.82 per cent stake comprising approximately 91 crore shares worth ₹10,488 crore at ₹115 per share. The transaction represented a 7.9 per cent discount to the previous day’s closing price.

The block deal coincided with the end of the lock-in period for pre-IPO shareholders, making 56 per cent of the company’s equity worth over ₹30,000 crore eligible for trading. Market sources indicated that Kedaara Capital launched another block deal to sell an additional 10 per cent stake, with a floor price set at ₹110 per share.

Despite the recent decline, Vishal Mega Mart shares remain substantially above their IPO price of ₹78, representing a 55 per cent gain since the December 2024 listing. The supermarket chain’s stock had reached highs earlier this year before the recent selling pressure from promoter stake sales.

The large-scale divestment reflects typical post-listing behavior where private equity investors monetize their holdings after mandatory lock-in periods expire.

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Published on June 17, 2025