Vishal Mega Mart Stock Action: There was a sharp decline in the shares of Vishal Mega Mart, a big company in the retail sector, on Friday. The stock fell nearly 8% to the day’s low of Rs 117 on BSE. The major reason behind this decline was the news of the promoter selling a large stake. According to the news of Economic Times, the promoters of the company are preparing to withdraw about 14.2% equity stake, whose value is said to be around Rs 7,915 crore, through a block deal. Even before the market opened, there were reports that the size of this block deal has been increased to about Rs 7,400 crore.
Vishal Mega Mart: Promoters are selling up to 14.2% stake in block deal, shares fell by 8% – Market
