Singapore Govt and HDFC Mutual Fund Acquire Major Stake in Vishal Mega Mart
On Friday, February 27, 2026, Vishal Mega Mart Ltd. saw a massive shift in ownership. The company’s promoter, Samayat Services LLP, sold a 14% stake worth ₹7,635.56 crore through multiple bulk deals on the National Stock Exchange (NSE).
Several high-profile institutional investors stepped in to acquire these shares, signaling strong confidence in the retail chain’s future.
Major Institutional Buyers
The bulk deals involved some of the biggest names in global and domestic finance:
- Government of Singapore: Purchased 12.69 crore shares at ₹117 each, totaling ₹1,485.09 crore.
- HDFC Mutual Fund: Acquired a stake worth ₹1,100 crore.
- Monetary Authority of Singapore (MAS): Picked up 7.32 crore shares valued at ₹858 crore.
Promoter Activity and Stake History
Samayat Services LLP, a vehicle owned by Kedaara Capital and Partners Group, sold 65 crore shares at an average price of ₹117.02. This move follows a previous sale in June 2025, where the promoter offloaded a 19.57% stake for over ₹10,220 crore.
As of late 2025, the promoter held a 54.09% stake, which has now decreased following this latest transaction.
Market Reaction and Stock Performance
Despite the strong institutional buying, Vishal Mega Mart’s share price faced pressure on Friday:
- Price Drop: The stock fell over 7%, closing at ₹117.78 on the NSE.
- Comparison: This decline was steeper than the 1.25% dip seen in the benchmark Nifty 50 index.
- Long-term View: While the stock is down about 13% so far this year, it has still gained nearly 18% over the last 12 months.
Analyst Outlook
Market experts remain largely positive about the company’s prospects. Out of 15 analysts tracking the stock, 13 maintain a “Buy” recommendation, while only two suggest a “Sell.”
Price targets vary significantly among major firms:
- Elara Capital: Highly bullish with a target of ₹192.
- Bernstein: More cautious with a bearish target of ₹100.
With the company reporting a 19% jump in quarterly profit recently, investors are closely watching how these new institutional stakeholders will influence the retailer’s growth strategy.
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