Vishal Mega Mart Shares Drop 8% on Promoter's 14% Stake Sale

a Mart shares fell as much as 8.3% (closing down 7.7% at ~Rs 117.78) on February 27, 2026, after promoter Samayat Services LLP offloaded nearly 14% stake (65.25 crore shares) via block deals worth Rs 7,635–7,636 crore (~$838 million). Key details: Sold at an average Rs 117 per share — an 8.3% discount to the prior close. Promoter holding dropped from 54.09% to ~40.13%. Buyers included HDFC Mutual Fund, Government of Singapore, and Monetary Authority of Singapore. The deal started as a planned 6.5% stake sale (3.05 crore shares at floor Rs 115, ~9.8% discount) but expanded significantly. This is the second major promoter exit post-listing; in June 2025, Samayat sold 20% stake at Rs 113.6 (9% discount), causing similar volatility. YTD 2026, the stock is down ~13.7% (underperforming broader indices), despite strong fundamentals like 19% net profit growth in the recent quarter. The sale boosts liquidity for the promoter (backed by Kedaara Capital & Partners Group) while drawing institutional interest.