Samayat Services to Sell 6.5% Stake in Vishal Mega Mart through Block Deal: Report

Samayat Services LLP to Sell Up to 6.5% Stake in Vishal Mega Mart via Block Deal

Key Highlights

• Samayat Services LLP plans to sell up to 6.5% shares in Vishal Mega Mart through a block deal, with an offer size of Rs 3,507.5 crore.
• The block deal's floor price has been set at Rs 115 per share, resulting in a 9.8% discount to the current market price.
• Shares sold in the transaction will have a 150-day lock-in period.

Vishal Mega Mart's Operating Performance

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• The company reported a 19.1% year-on-year rise in net profit to Rs 312.9 crore, compared to Rs 262.7 crore in the corresponding quarter last year.
• Revenue increased 17% to Rs 3,670 crore from Rs 3,135.9 crore in Q3FY25.
• EBITDA climbed 20% to Rs 605.4 crore against Rs 504.5 crore a year ago, with margins expanding to 16.5% from 16.1%.

Business Expansion

• Vishal Mega Mart 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.