Big Bucks at the Bazaar: SBI & Kotak Snap Up Vishal Mega Mart Shares in ₹10,488 Cr Block Deal

SBI Mutual Fund and Kotak Mahindra Mutual Fund have made headlines by purchasing shares of Vishal Mega Mart through a high-value bulk deal, following the retailer’s promoters offloading a significant stake. The transaction, which took place at a floor price of ₹110 per share—nearly 12% below the previous close—saw mutual funds and other institutional investors step in as key buyers.

 

Key Highlights:

Vishal Mega Mart has posted robust financials, with Q4 net profit surging 88% year-on-year to ₹115 crore and revenue climbing 23% to ₹2,548 crore. For the full year, net profit rose nearly 37% to ₹632 crore.

The company operates 668 stores across India and continues to expand its footprint, catering to value-conscious consumers with a wide range of products.

 

With mutual funds increasing their stake, the market will be watching closely to see how Vishal Mega Mart leverages its strengthened institutional backing for future growth.

 

Sources: Economic Times, Business Standard, Moneycontrol