Vishal Mega Mart's promoter, Samayat Services LLP, initially planned to sell a 10% stake worth Rs 5,057 crore via a block deal. The deal size was later upsized multiple times, with the promoter eventually selling 19.6% equity, amounting to approximately Rs 10,220 crore. The block deal involved the transfer of 91 crore shares, representing 19.82% of equity, at a price of Rs 115 per share. Major buyers included SBI Mutual Fund, Kotak Mahindra Mutual Fund, HDFC Mutual Fund, and Vanguard, which purchased a stake worth Rs 655 crore. Following the block deal, Vishal Mega Mart's shares declined sharply, falling as much as 9%. Despite the share price drop, Motilal Oswal Securities Limited (MOSL) initiated a 'buy' rating on Vishal Mega Mart with a target price of Rs 165, indicating a potential upside of 20% to 55% based on different assessments. This reflects a strong growth potential for the company amid the recent equity transaction.