Athira Sethu
Kochi, 27 Feb 2026
Vishal Mega Mart Ltd is set for another secondary share sale as promoter entity Samayat Services LLP plans to offload a 6.5% stake through a block deal. The sale follows multiple liquidity events since the company’s IPO. Backed by Kedaara Capital and Partners Group, the promoter has gradually reduced its holding while the retailer continues to report steady growth in revenue and profits. The proposed transaction is being advised by Kotak Securities Ltd and Morgan Stanley India Co.
Proposed Block Deal Details
| Item | Details |
| Stake being sold | 6.5% |
| Number of shares | 305 million |
| Floor price | ₹115 per share |
| Total deal value | ₹3,508 crore |
| Discount to previous close | About 10% |
| Previous closing price | ₹127.53 |
| Lock-in period | 150 days |
| Promoter stake as of December-end | 54.09% |
Promoter Stake Changes Over Time
| Event | Stake Held by Samayat | Details |
| Before June 2025 block deal | 74.55% | Before major dilution |
| June 2025 block deal | 19.6% sold | 900 million shares for ₹10,220 crore |
| After June 2025 sale | Reduced stake | Large institutional participation |
| December-end holding | 54.09% | Before planned 6.5% sale |
Major Investors in June 2025 Block Deal
| Investor | Stake Acquired | Investment Value |
| SBI Mutual Fund | 3.6% | ₹1,882 crore |
| Kotak Mahindra Mutual Fund | 1.72% | ₹902 crore |
| HDFC Mutual Fund | 1.63% | ₹811 crore |
Ownership History
| Year | Transaction | Value |
| 2018 | Acquired from TPG Capital and Shriram Group | ₹5,000 crore |
| December 2024 IPO | Pure offer for sale | ₹8,000 crore raised |
| June 2025 | 19.6% stake sale | ₹10,220 crore |
| Current planned sale | 6.5% stake | ₹3,508 crore |
Financial Performance
Quarter Ended December, 2025
| Metric | Latest Quarter | Year-on-Year Growth |
| Revenue | ₹3,670 crore | 17% |
| Ebitda | ₹605 crore | 20% |
| Ebitda Margin | 16.5% | Up from 16.1% |
| Net Profit | ₹313 crore | 19% |
