Samayat Services LLP, one of the promoter entities of supermarket chain Vishal Mega Mart, on Friday divested nearly a 14 per cent stake in the company for Rs 7,635 crore through open market transactions.
Samayat Services LLP is a special-purpose vehicle owned by private equity firm Kedaara Capital and Switzerland-based Partners Group.
According to the bulk deal data on the National Stock Exchange (NSE), Samayat Services LLP sold a total of 65.25 crore equity shares in two tranches, representing a 13.96 per cent stake, in Gurugram-based Vishal Mega Mart.
The shares were offloaded in the price range of Rs 117-117.03 apiece, taking the combined transaction value to Rs 7,635.55 crore.
Following the stake sale, Samayat Services LLP’s holding in Vishal Mega Mart (VMM) declined to 40.13 per cent, from 54.09 per cent.
Meanwhile, HDFC Mutual Fund (MF), the Singapore government and the Monetary Authority of Singapore have collectively bought shares of the supermarket chain.
The Singapore .Samayat Services LLP, one of the promoter entities of supermarket chain Vishal Mega Mart, on Friday divested nearly a 14 per cent stake in the company for Rs 7,635 crore through open market transactions.
Samayat Services LLP is a special-purpose vehicle owned by private equity firm Kedaara Capital and Switzerland-based Partners Group.
According to the bulk deal data on the National Stock Exchange (NSE), Samayat Services LLP sold a total of 65.25 crore equity shares in two tranches, representing a 13.96 per cent stake, in Gurugram-based Vishal Mega Mart.
The shares were offloaded in the price range of Rs 117-117.03 apiece, taking the combined transaction value to Rs 7,635.55 crore.
Following the stake sale, Samayat Services LLP’s holding in Vishal Mega Mart (VMM) declined to 40.13 per cent, from 54.09 per cent.
Meanwhile, HDFC Mutual Fund (MF), the Singapore government and the Monetary Authority of Singapore have collectively bought shares of the supermarket chain.
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