The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Samayat Services LLP
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Samayat Services LLP, a promoter of Vishal Mega Mart, sold 65.25 crore equity shares (13.96% of total share capital) on February 27, 2026, through a bulk deal on the NSE platform. Before the sale, the promoter held 252.75 crore shares (54.09% stake), and after the sale, their holding dropped to 187.50 crore shares (40.12%). This is a significant reduction by the promoter, bringing their stake below the 50% majority threshold. The transaction was carried out under SEBI's Takeover Regulations, requiring disclosure as it crosses the 2% creeping acquisition/disposal threshold in a financial year.
This is a large promoter exit — selling nearly 14% in a single bulk deal is likely to weigh on short-term stock sentiment due to supply overhang and reduced promoter control. However, the sale was executed via bulk deal (institutional counterparty), which limits open-market pressure.