Vishal Mega Mart shares fall over 8% as promoter trims stake via block deal; check details

Vishal Mega Mart shares tumbled 8.2% after market opening on Friday, February 27. The stock fall comes after the company saw a block deal wherein exiting promoter Samayat Services, which is backed by Kedaara Capital, is likely to sell up to a 6.5% stake, as per the CNBCTV18 report.

As of 10:00 am, Vishal Mega Mart shares recovered slightly but are still trading 5.9% lower at ₹120 apiece, with a day low of ₹117 per share. Samayat Services LLP plans to sell up to 305 million shares at ₹115 each. The block deal price is nearly 10% lower compared to Vishal Mega Mart’s previous closing of ₹127.53 per share. The block deal would fetch ₹3,508 crore to Samayat Services LLP, which holds 54.09% stake in Vishal Mega Mart as of 31 December 2025.

The proposed shares offloaded through this block deal will have a lockup period of 150 days. Kotak Securities Ltd and Morgan Stanley India Co are the key advisors on this block deal.

Samayat Services LLP has consistently reduced its stake in Vishal Mega Mart since its listing in December 2024. Back in June 2025, Samayat Services LLP had sold around 90 crore shares of the Vishal Mega Mart, representing a 19.6% stake for around ₹10,220 crore. Big mutual funds like SBI Mutual Fund, HDFC Mutual Fund and others participated in that block deal.

Vishal Mega Mart IPO, which came in December 2024, was a complete offer-for-sale worth ₹8,000 crore, wherein promoters offloaded nearly 23% stake. Vishal Mega Mart IPO made a blockbuster listing as its shares listed at 33.3% premium on NSE.

In Q3FY26, Vishal Mega Mart reported 19.1% You rise in profit after tax (PAT) to ₹312.9 crore. Meanwhile, its revenue from operations increased 17% You to ₹3,670.3 crore in Q3FY26 from ₹3,135.9 crore in Q3FY25.