The US-based Vanguard Group acquired a 1.1% stake in Vishal Mega Mart through open market transactions for ₹655 crore which attracted significant investor interest. The National Stock Exchange (NSE) bulk deals allowed Vanguard to acquire more than 5.04 crore shares at ₹129.74 per share. The stock price of Vishal Mega Mart increased by 2.12% after this announcement to reach ₹128.80 on the NSE.
The transaction involved unidentified sellers after Samayat Services LLP—a promoter group connected to Kedaara Capital and Partners Group—sold its 19.6% stake in Vishal Mega Mart for ₹10,220 crore during the previous week.
The investment demonstrates that global investors believe Vishal Mega Mart will continue its positive growth path. The substantial investment by Vanguard makes it one of several institutional investors who have shown interest in India’s expanding retail industry. Market observers predict increased trading activity for Vishal Mega Mart stock because institutional investors are showing growing interest.
