Vishal Mega Mart shares fall as promoter cuts stake via block deal

Shares of Vishal Mega Mart fell 7.68% to ₹118 apiece on February 27 after 14.2% equity worth ₹7,915 crore changed hands through a block deal. Reportedly, the promoter Samayat Services LLP was looking to sell a 6.5% stake at a discount. Prior to market open, the size of the block deal was increased to ₹7,500 crore from ₹3,507.5 crore earlier.