Vanguard group buys 1.1% stake in Vishal Mega Mart for Rs 655 crore

US-based Vanguard Group on Friday bought a 1.1 per cent stake in supermarket chain Vishal Mega Mart for Rs 655 crore through open market transactions.
Following the stake buy, shares of Vishal Mega Mart rose 2.12 per cent to close at Rs 128.80 apiece on the National Stock Exchange (NSE). Investment management company Vanguard Group, through its affiliates, purchased more than 5.04 crore equity shares in two tranches, representing a 1.1 per cent stake in Gurugram-based Vishal Mega Mart, as per bulk deal data on the NSE.
The shares were acquired at an average price of Rs 129.74 apiece, taking the combined deal value to Rs 655.16 crore. Details of the sellers of Vishal Mega Mart's shares could not be ascertained on the NSE. On Tuesday, Samayat Services LLP, one of the promoter entities of Vishal Mega Mart, divested a 19.6 per cent stake in the company for Rs 10,220.40 crore.
Samayat Services LLP is a special-purpose vehicle owned by private equity firm Kedaara Capital and Switzerland-based Partners Group. In a separate bulk deal on the NSE, Mumbai-based Hill Fort Capital divested nearly a 1 per cent stake in Westlife Foodworld, owner-operator of McDonald's restaurants across West and South India, for Rs 104 crore through an open market transaction.
As per the data, Hill Fort Capital through its arm Hill Fort India Fund LP sold 15 lakh shares of Westlife Foodworld at an average price of Rs 696.55 per share. This took the deal value to Rs 104.54 crore. Meanwhile, HDFC Mutual Fund bought 14.30 lakh shares or 0.92 per cent stake in Westlife Foodworld for Rs 99.65 crore.
Details of the other buyers of Westlife Foodworld's shares could not be identified on the exchange. On Friday, the scrip of Westlife Foodworld went up 0.54 per cent to settle at Rs 700 apiece on the NSE.
In another transaction on the NSE, Franklin Templeton Mutual Fund purchased 20.37 lakh shares or 0.66 per cent stake in India Cements, an UltraTech Cement company, for Rs 63.19 crore.
According to the data, the shares were acquired at an average price of Rs 310.17 apiece. Details of the sellers of the India Cements' shares could not be ascertained on the bourse.
The scrip of the India Cements dipped 2.38 per cent to end at Rs 312 apiece on the NSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Hans India

34 minutes ago

• Hans India

Think out of box to meet future needs of Hyd'bad denizens: CS to planners

Chief Secretary Ramakrishna Rao has emphasised the critical need for advanced planning to efficiently meet the future requirements for basic amenities for citizens, given the exponential growth of Hyderabad and its surrounding areas. The Chief Secretary further explained that these reviews of local bodies are being undertaken as per the instructions of Chief Minister A Revanth Reddy. Accompanied by MAUD (Municipal Administration and Urban Development) officials and the Rangareddy District Collector, the Chief Secretary visited Shamshabad Municipality and conducted a review meeting. During the session, the Chief Secretary ascertained information regarding the Municipal Corporation's jurisdiction and population. Furthermore, he reviewed the services being extended by the Municipal Council to its citizens, including water supply, street lighting, drainage networks, and Sewage Treatment Plants (STPs). The Chief Secretary stressed the importance of effective property tax collection to finance various activities undertaken by the Urban Local Body (ULB). Following the review meeting, the Chief Secretary visited the Eco Park developed by the Hyderabad Metropolitan Development Authority (HMDA) across approximately 85 acres at Kothwalguda, at a cost of Rs 75 crore. He inspected various components of the park, such as boardwalks, the bird aviary, the arrival plaza, and other landscaped facilities. This park is slated to be opened to the public within two months by the Chief Minister, once the finishing works of the arrival plaza are complete. The Chief Secretary also visited the Budvel layout, currently under development by HMDA. The Municipal Commissioner of HMDA explained the salient features of the layout, including multiple use developments and infrastructure in the form of wide roads (45m and 36m), as well as other proposed trunk infrastructure like water supply, drainage, and underground electrification.

New Indian Express

37 minutes ago

• New Indian Express

Net direct tax collection contracts by 1.4% in first quarter of FY26

NEW DELHI: Net direct tax collection in the first quarter (till 19 June 2025) of FY26 has contracted by 1.39% compared to the corresponding period last year. Even the gross tax collections during the period showed a moderate growth. The provisional figures released by the Central Board of Direct Taxes (CBDT) show that gross direct tax collections in the first quarter stand at Rs 5.45 lakh crore, a 4.86% growth from Rs 5.2 lakh crore in FY 2024-25 (as on June 19, 2024). Refunds have surged by 58.04%, amounting to Rs 86,385.31 crore during the period, significantly higher than Rs 54,660.79 crore in the previous fiscal year's comparable period.

Time of India

38 minutes ago

• Time of India

Chhattisgarh State Consumer Commission orders SBI Life to pay Rs 50 lakh to widow, rejects concealment claim

RAIPUR: The Chhattisgarh State Consumer Disputes Redressal Commission has directed SBI Life Insurance Company to pay Rs 50 lakh to Savitri Salam, whose husband's insurance claim was initially rejected. The Commission found that the insurer failed to conclusively prove concealment of pre-existing diseases by the deceased. Savitri Salam, a resident of Surdongar village in Keshkal tehsil, filed a complaint after her husband's health deteriorated, leading to his demise on 16 June 2021. She had sought a claim under a policy taken by her husband, but SBI Life Insurance rejected it, alleging that he had provided incorrect information about his pre-existing medical conditions and treatment in the proposal form. The insurance company argued before the District Consumer Commission that the insured suffered from diabetes and heart disease prior to taking the policy, and this was noted in his medical records from AIIMS, Raipur, as part of his medical history. Based on this, the claim was rejected due to misrepresentation of health information in the proposal form. The District Consumer Commission, Kanker, accepted Savitri Salam's complaint and directed the insurance company to pay the full claim amount within one month. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo SBI Life Insurance then challenged this order before the Chhattisgarh State Consumer Disputes Redressal Commission. During the appeal hearing, the bench of Justice Gautam Chourdiya, President, and Pramod Kumar Varma, Member, determined that the claim was rejected solely based on a note in the AIIMS, Raipur, medical record. No other medical records were presented to conclusively prove that the insured suffered from diabetes and heart disease before applying for the policy, had undergone any prior treatment, or was on continuous medication. The Commission observed there was no evidence to suggest that the insured was aware of these conditions when he submitted the proposal. The State Commission concluded that it was not appropriate to claim the insured intentionally concealed important facts about his pre-existing diseases in the proposal. The appeal was rejected, and SBI Life Insurance Company has been directed to pay Rs 50 lakh from the life insurance claim, after deducting the Rs 56,621 premium amount already refunded to Savitri Salam by the insurance company. This amount will also include 7% annual simple interest from the date the complaint was filed (27 December 2023).