A big block deal can be seen in the stock market on Friday. According to information received from sources, this block deal can be seen in the shares of Vishal Mega Mart. According to sources, Samayat Services LLP, an entity of the company’s promoter group, is preparing to sell about 6.5 percent stake. Under this, about 3.05 crore shares will be sold. According to sources, the floor price for this share sale has been fixed at Rs 115 per share, which is about 9.8 percent discount as compared to the previous closing price of the company. At present the promoter holds about 54.1 percent stake in the company. After the sale of 6.5 percent stake, the promoter’s stake will come down to about 47.6 percent.
Block Deal: Preparation to sell 6.5 percent stake in Vishal Mega Mart – complete details including floor price – Market
