Vishal Mega Mart Shares Drop 5.5% Amid Stake Sale

  Published 11 months ago

Vishal Mega Mart shares fall 5.5% as top shareholder Samayat Services sells 50.57 bln rupees stake at 12% discount.

  • VSSL.NS drops to 117.98 rupees, trimming YTD gains to ~11% amid block deal stake sale.
  • Samayat offloads 10% of its 74.55% holding via a floor price of 110 rupees per share, a 12% discount.
  • Companies remain silent on stake sale; CNBC, TV18 report deal size at $588.6 mln equivalent.

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