No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, April 11, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report

by TheAdviserMagazine
1 month ago
in Business
Reading Time: 2 mins read
A A
Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report
Share on FacebookShare on TwitterShare on LInkedIn


Vishal Mega Mart’s promoter entity Samayat Services LLP is expected to sell 6.5% stake in the company via a block deal. The shares are likely to be sold at a price of Rs 115 apiece, which implies a 10% discount from today’s closing price, according to ET Now report.

Samayat Services held 54.09% (252.74 crore) in Vishal Mega Mart as of December 31, 2025 and under the stake sale, 3.05 crore shares will be offloaded, the report said.

Shares of Vishal Mega Mart today ended at Rs 127.53 on the NSE, up by Rs 4.56 or 3.71% from the Wednesday closing price. The stock today traded amid strong volumes with over 4 crore shares changing hands.

Vishal Mega Mart shares have surged 24% over a one year period, which is an outperformance over Nifty’s 13% and BSE Sensex’s 10% in the same period.

The stock is currently trading above its 50-day simple moving average (SMA) of Rs 127 while below its 200-day SMA of Rs 136, according to Trendlyne data.

Live Events

The company’s consolidated net profit for the December ended quarter stood at Rs 313 crore, which is a growth of 19% over Rs 263 crore in the year ago period. Its total revenue in the quarter under review stood at Rs 3,695 crore, up 17% 3,155 crore in the corresponding quarter of the last financial year.Vishal Mega Mart is one of the leading Indian fashion-led hypermarket chain with over 780 stores, focusing on affordable fashion, general merchandise, and grocery for middle-income customers.In another news, Home First Finance Company India’s promoter entities Aether (Mauritius) Limited and True North Fund V LLP today sold stakes worth Rs 326 crore and Rs 334 crore in separate bulk deals on Thursday. The buyers were French multinational bank Societe Generale and PICTET – Indian Equities.

Between them they sold shares worth Rs 660 crore.

The stock fell sharply today, closing at Rs 1,176.25, down nearly 6% from Wednesday’s closing price.

Read more: Home First Finance bulk deal alert: Promoters sell stake worth Rs 660 crore; Societe Generale among buyers

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



Source link

Tags: BlockdealEntityMartMegaPromoterReportSellstakeVishal
ShareTweetShare
Previous Post

50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game

Next Post

Massachusetts 1690: The First Western Fiat Experiment

Related Posts

edit post
The petrodollar faces increased risk, but a petroyuan is ‘far-fetched,’ strategist says

The petrodollar faces increased risk, but a petroyuan is ‘far-fetched,’ strategist says

by TheAdviserMagazine
April 11, 2026
0

President Donald Trump’s war on Iran has raised doubts about America’s superpower status and currency dominance as the Strait of...

edit post
I’ve Changed My Mind on Palantir Stock. The Great Repricing Makes It a Buy.

I’ve Changed My Mind on Palantir Stock. The Great Repricing Makes It a Buy.

by TheAdviserMagazine
April 11, 2026
0

I've avoided Palantir Technologies (NASDAQ: PLTR) stock for a long time. I always thought I was too late. The valuation...

edit post
Anthropic’s Just Triggered Another SaaS Sell-Off: Are Software Stocks Uninvestable?

Anthropic’s Just Triggered Another SaaS Sell-Off: Are Software Stocks Uninvestable?

by TheAdviserMagazine
April 11, 2026
0

Akamai Technologies (AKAM) fell 16.6%, Cloudflare (NET) dropped 13.5%, and DigitalOcean Holdings (DOCN) slid 13.4% after Anthropic launched Claude Managed...

edit post
Pakistan sends military force to Saudi Arabia as part of pact

Pakistan sends military force to Saudi Arabia as part of pact

by TheAdviserMagazine
April 11, 2026
0

Saudi Arabia’s Ministry of Defense said a Pakistani military force arrived at King Abdulaziz Air Base as part of a...

edit post
Insider trades: Nike, Marvell Technology among notable names

Insider trades: Nike, Marvell Technology among notable names

by TheAdviserMagazine
April 11, 2026
0

Apr 11, 2026, 11:03 AM ETMarvell Technology, Inc. (MRVL) Stock, NKE Stock, LULU Stock, NBIS Stock, ULTA Stock, CRDO Stock,...

edit post
Nike on the brink as shares crash 75% from highs. Critics say brand went ‘woke’ and is now broke (but here’s the truth)

Nike on the brink as shares crash 75% from highs. Critics say brand went ‘woke’ and is now broke (but here’s the truth)

by TheAdviserMagazine
April 11, 2026
0

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Nike (NYSE:NKE) has long...

Next Post
edit post
Massachusetts 1690: The First Western Fiat Experiment

Massachusetts 1690: The First Western Fiat Experiment

edit post
Dividend Aristocrats In Focus: S&P Global

Dividend Aristocrats In Focus: S&P Global

  • Trending
  • Comments
  • Latest
edit post
Massachusetts loses billions in income after millionaire tax

Massachusetts loses billions in income after millionaire tax

March 24, 2026
edit post
Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

March 27, 2026
edit post
Virginia Permits ADULT MIGRANT MEN To Attend High School

Virginia Permits ADULT MIGRANT MEN To Attend High School

March 30, 2026
edit post
A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

March 30, 2026
edit post
Tax Flight Accelerates In Massachusetts

Tax Flight Accelerates In Massachusetts

April 6, 2026
edit post
Property Tax Relief & Income Tax Relief

Property Tax Relief & Income Tax Relief

April 1, 2026
edit post
1099-INT Form: What Is It And How To Use It

1099-INT Form: What Is It And How To Use It

0
edit post
West Asia turmoil priced in; India’s long-term story intact, says Sunil Singhania

West Asia turmoil priced in; India’s long-term story intact, says Sunil Singhania

0
edit post
Korn Ferry Drops 5.5% in Broad Selloff

Korn Ferry Drops 5.5% in Broad Selloff

0
edit post
Ohio SNAP Benefits: How Much Can You Earn and Still Qualify?

Ohio SNAP Benefits: How Much Can You Earn and Still Qualify?

0
edit post
The petrodollar faces increased risk, but a petroyuan is ‘far-fetched,’ strategist says

The petrodollar faces increased risk, but a petroyuan is ‘far-fetched,’ strategist says

0
edit post
Brigette’s 5 Grocery Shopping Trip and Weekly Menu Plan for 4!

Brigette’s $105 Grocery Shopping Trip and Weekly Menu Plan for 4!

0
edit post
The petrodollar faces increased risk, but a petroyuan is ‘far-fetched,’ strategist says

The petrodollar faces increased risk, but a petroyuan is ‘far-fetched,’ strategist says

April 11, 2026
edit post
I’ve Changed My Mind on Palantir Stock. The Great Repricing Makes It a Buy.

I’ve Changed My Mind on Palantir Stock. The Great Repricing Makes It a Buy.

April 11, 2026
edit post
People who stop trying to be liked are often accused of having an attitude – by the people who most benefited from them having none

People who stop trying to be liked are often accused of having an attitude – by the people who most benefited from them having none

April 11, 2026
edit post
Ohio SNAP Benefits: How Much Can You Earn and Still Qualify?

Ohio SNAP Benefits: How Much Can You Earn and Still Qualify?

April 11, 2026
edit post
The Debt Trap: 6 Ways Your Kids Could Inherit Your Unpaid Bills

The Debt Trap: 6 Ways Your Kids Could Inherit Your Unpaid Bills

April 11, 2026
edit post
A Rothbardian Reconstruction of Libertarian Political Theory

A Rothbardian Reconstruction of Libertarian Political Theory

April 11, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • The petrodollar faces increased risk, but a petroyuan is ‘far-fetched,’ strategist says
  • I’ve Changed My Mind on Palantir Stock. The Great Repricing Makes It a Buy.
  • People who stop trying to be liked are often accused of having an attitude – by the people who most benefited from them having none
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.