India's Vishal Mega Mart promoter sells 14% stake for $838 million

Vishal Mega Mart

27/02/2026 14:24

BANGALORE, Feb 27 - Indian budget retailer Vishal Mega Mart's VSSL.NS largest promoter sold around 14% of its stake via block deals for 76.36 billion rupees ($838.46 million) on Friday, according to exchange data and Reuters calculations.

Promoter Samayat Services LLP sold 652.5 million shares in Vishal Mega Mart at an average price of 117 rupees, a discount of 8.3% to Thursday's close, according to Reuters calculations.

Samayat Services held a 54.09% stake prior to the sale.

Vishal Mega Mart shares fell as much as 8.3% before trimming losses to close down 7.7%, following media reports of a discounted promoter sale. It has fallen 13.7% so far in 2026.

Buyers included HDFC Mutual Fund, the Government Of Singapore and the Monetary Authority Of Singapore.

($1 = 91.0720 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru; Editing by Krishna Chandra Eluri)