Samayat Services to sell 6.5% stake in Vishal Mega Mart via block deal: Report

The block deal’s floor price has been fixed at Rs 115 per share, implying a 9.8 percent discount to the prevailing market price

Samayat Services LLP is set to sell up to 6.5 percent shares in Vishal Mega Mart via a block deal, CNBC-TV18 reported on February 26 citing sources. The offer size of the stake sale is Rs 3,507.5 crore, the report said.

The block deal’s floor price has been fixed at Rs 115 per share, implying a 9.8 percent discount to the prevailing market price, sources said. Shares sold in the transaction will carry a 150-day lock-in period.

Vishal Mega Mart reported a 19.1 percent year-on-year rise in net profit to Rs 312.9 crore, compared with Rs 262.7 crore in the corresponding quarter last year. Revenue increased 17 percent to Rs 3,670 crore from Rs 3,135.9 crore in Q3FY25.

Operating performance also strengthened, with EBITDA climbing 20 percent to Rs 605.4 crore against Rs 504.5 crore a year ago. Margins expanded to 16.5 percent from 16.1 percent, reflecting improved efficiency. Adjusted same-store sales growth came in at 9.6 percent, after factoring in a 2.1 percent negative impact during the quarter due to the advancement of Durga Puja festivities into Q2 this year.

As per its exchange disclosure, the retailer opened 29 new stores during the quarter without any closures, taking the total additions in the first nine months to 80 outlets. The expansion drive remains focused on key markets including Kerala, Gujarat and Maharashtra.