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Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report
Vishal Mega Mart's promoter, Samayat Services LLP, is set to sell a 6.5% stake through a block deal at Rs 115 per share, a 10% discount to the current market price. This move comes as the company reported a 19% rise in net profit for the December quarter.
Vishal Mega Mart Block Deal | Samayat Services likely to sell 6.5% stake worth ₹3,508 crore
The floor price for the block deal has been set at ₹115 per share, representing a discount of 9.8% to the current market price. Shares of Vishal Mega Mart Ltd ended at ₹127.50, up ₹4.65, or 3.79%, on the BSE today, February 26.
Promoter pares 14% stake in Vishal Mega Mart; HDFC MF, Govt of Singapore among 3 investors pick up over 6% shares
Vishal Mega Mart shares reacted to the big stake sale by promoter, falling 7.65 percent to close at Rs 117.78 after gap-down opening, amid high volumes.
Stocks to Watch Today: Hyundai Motor, Vishal Mega Mart, Minda Corp, Solex Energy, Hinduja Global Solutions, Dixon Technologies in focus on 10 March
Stocks to Watch, 10 March: Stocks like Adani Power, Cochin Shipyard, Hyundai Motor India, Motilal Oswal Financial Services, Nippon Life India Asset Management, Vishal Mega Mart, Minda Corporation, Solex Energy, and Hinduja Global Solutions will be in focus on March 10.
Stocks to Watch Today: Gaudium IVF, Vishal Mega Mart, Netweb Tech, MSTC, Brigade Enterprises, Hindalco, Zaggle Prepaid in focus on 27 February
Stocks to Watch, 27 Feb: Stocks like Vishal Mega Mart, Gujarat Mineral Development Corporation, Netweb Technologies, MSTC, Engineers India, Onesource Specialty Pharma, Greaves Cotton, Hindalco Industries, and Indian Railway Finance Corporation will be in focus on February 27.