Liquidity Events
PE investors in Vishal Mega Mart sell 14% stake for Rs.7,636-Cr
Samayat Services LLP, a special-purpose vehicle owned by private equity firm Kedaara Capital and Switzerland-based Partners Group and a promoter entity of Gurugram-based supermarket chain Vishal Mega Mart (VMM), has divested a 14% stake in the company for INR 7,636 crore through open market transactions.Samayat Services LLP sold 65.25 crore equity shares in two tranches, representing a 13.96% stake, in VMM. The shares were offloaded in the price range of INR 117-117.03 apiece, taking the combined transaction value to INR 7,635.55 crore. Following the stake sale, Samayat’s holding in VMM declined to 40.13%.In June last year, Samayat Services LLP sold a 19.6% stake in VMM for INR 10,220.40 crore.
In May 2018, Private equity firms Partners Group and Kedaara Capital Fund acquired value retail chain Vishal Mega Mart from private equity firm TPG for INR 5369 Cr. In 2024, Kedaara Capital and Partners Group took VMM public to raise INR 8,000 crore through an initial public offering.For FY25, Vishal Mega Mart had reported about INR 5,947 Cr in Operating Income and about INR 473 Cr in PAT.
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