One of the main promoters of the well-known supermarket chain Vishal Mega Mart, Samayat Services LLP, has sold a significant part of its share. The promoter entity sold close to 14% of the company, through open market transactions carried out on Friday, February 27, 2026. The huge deal saw the overall realization of the total of ₹7,635.55 crore, which indicated a strategic change in the ownership of the Gurugram-based retailer.

Latest divestment and immediate impact

Samayat Services LLP is a special purpose vehicle between the Partners Group, a Swiss-based private equity firm, and Kedaara Capital, a private equity firm. This most recent divestment is the result of a series of incremental holding sales by the promoters since the firm was first offered publicly and later listed in December 2024. 

The sale was carried out through the bulk deal tranches on the National Stock Exchange, where several high-profile institutional investors intervened to absorb the equity sold off. As per the official figures given by the National Stock Exchange, a total of ₹65.25 crore shares of equity were liquidated by Samayat Services LLP. This shares volume is a 13.96% ownership in the retail giant.

The shares were sold in two separate tranches with prices being determined in a limited spread of between ₹117 and ₹117.03 per share. This transaction price indicated a discount as compared to the closing price of the previous day, which is characteristic of large volume block deals of this magnitude.

The immediate effect of the sale of the stake was experienced in the stock market, where Vishal Mega Mart shares plummeted. The company’s stock price was down 7.59% on the day of the transaction, closing at ₹117.85 per share on the NSE. The promotion of a substantial portion of the interest of the promoter into other institutional hands, despite the intraday volatility as well as the downward pressure on the share price, was a successful deal, further diversifying the company’s shareholders.

Institutional investors and a change in the promoter shareholding pattern

A wide range of institutional investors, including large-scale international and domestic investors, participated in the sale. The Government of Singapore, the Monetary Authority of Singapore (MAS), and HDFC Mutual Fund were the first to undertake the buy-side transactions. The Government of Singapore purchased 12.69 crore shares, which gave the Government a holding of 2.72% in the company. At the same time, the Monetary Authority of Singapore bought 7.33 crore shares, which amounted to 1.57% of shares.

Domestically, HDFC Mutual Fund acquired 9.40 crore shares, which constituted 2.01% equity interest. These three large parties together purchased a total of more than 29.42 crore shares or about 6.3% of the total equity of the company, with a total valuation of about ₹3.443.17 crore. The inflow of these reputable sovereign and mutual funds highlights the long-term institutional concern in the business model of Vishal Mega Mart and its market position in the Indian value-retail market.

This sale has introduced a significant shift in the promoter stockholding structure of the Vishal Mega Mart. Samayat Services LLP owned 54.09% of the stock in the chain of supermarkets. The promoter holding has reduced to 40.13% after the sale of the 13.96% stake. This is the second significant exodus of the promoter entity in under a year; in June 2025, Samayat Services had sold about 90 crore shares, that is, a 19.6% stake, at around ₹10,220 crore.

The company has remained strong in its operations even though the promoter control has been reduced. In the quarter ended in December, Vishal Mega Mart has recorded a 17% year-on-year revenue growth of ₹3,670 crore and a 19% growth in net profit to ₹313 crore. The other promoter stake is now liable to 150 days lock-in period to allow some breathing space as to whether additional large-scale supply of equity by the key owners.

Conclusion

The sale of the stake of Samayat Services LLP is a major liquidity event on Kedaara Capital and Partners Group, which had initially acquired Vishal Mega Mart in 2018. Selling 14% at ₹7,635 crore, the promoters have reduced their exposure considerably but have also introduced heavyweight institutional investors such as the Government of Singapore and HDFC Mutual Fund.

Although this decision led to a temporary decline in the share price of the company, the excellent performance of the deal and the quality of the acquirers are indicative of a strong demand for the equity of the retailer. With Vishal Mega Mart headed towards a smaller promoter structure, it is still concerned with its capacity to maintain its growth trend and profitability in the competitive Indian retail business environment.