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Vishal Mega Mart block deal: US asset manager Vanguard buys stake worth Rs 655 crore

by Admin
June 20, 2025
in Business
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Vishal Mega Mart block deal: US asset manager Vanguard buys stake worth Rs 655 crore
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One of the world’s largest asset managers Vanguard on Friday executed two large block deals in Vishal Mega Mart Limited, acquiring a total of over 5 crore shares worth Rs 655 crore. The US-based company bought shares in the Indian retailer through a couple of funds viz. Vanguard Total International Stock Index Fund and Vanguard Emerging Markets Stock Index Fund.

In the former case, 2.65 crore shares were bought at a price of Rs 129.74 per share, amounting to a deal size of approximately Rs 344 crore. Simultaneously, 2.39 crore shares were purchased by the latter at the same price of Rs 129.74, translating to a transaction value of about Rs 310.8 crore.

Shares of Vishal Mega Mart today ended the day at Rs 129.65, gaining by Rs 3.55 or 2.82% on the BSE.

On Tuesday, Vishal Mega Mart promoter entity Samayat Services LLP sold 90 crore equity shares worth Rs 10,220 crore in the company via block deals. Among the buyers were SBI Mutual Fund, HDFC MF and Kotak Mahindra MF who bought just over 32 crore shares between them at a combined cost of Rs 3,636 crore.

Prior to the deal, Samayat Services held 74.55% stake in the company as on March 31, 2025.

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Read More: Vishal Mega Mart promoter sells equity worth Rs 10,220 crore via block deals, 3 mutual funds among buyersThe midcap company, which has a market capitalisation of Rs 60,257.17 was listed on December 18, 2024.Vishal Mega Mart shares have rallied 22% in 2025, so far outperforming Nifty which has delivered 6% returns this year. Since its listing the returns stand at 15%.

Vishal Mega Mart is a diversified retail company in India, primarily operating as a hypermarket chain. Their core business revolves around providing a wide range of products at affordable prices to middle and lower-middle-income groups. They offer products under categories like apparel, general merchandise and Fast-Moving Consumer Goods (FMCG) including groceries, personal care items and household essentials.

Also Read: TPG offloads Rs 1,505 cr stake in Sai Life via block deals; Norges Bank, MFs step in

The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last year.

Revenue from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago period.

EBITDA margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



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Tags: assetblockbuyscroredealmanagerMartMegastakeVanguardVishalWorth
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