Vishal Mega Mart to Join FTSE Global Mid Cap Index On June 20 | Markets News

Last Updated:June 19, 2025, 07:36 IST

Vishal Mega Mart is set to be included in the FTSE Global Mid Cap Index on June 20, following a significant promoter stake sale

Vishal Mega Mart is set to be included in the FTSE Global Mid Cap Index on June 20, following a significant promoter stake sale earlier this week. According to estimates by Nuvama Alternative, the index inclusion could lead to passive inflows of around $115 million.

The company is also seen as a strong contender for inclusion in the MSCI Index during its upcoming August 2025 review. Nuvama projects that such a move could attract additional inflows of approximately $225 million, with the official MSCI announcement expected on August 8.

“Following the 20% promoter stake sale, MSCI is expected to revise Vishal Mega Mart’s free float upwards, increasing the likelihood of its inclusion in the August review,” said Abhilash Pagaria, Head of Nuvama Alternative & Quantitative Research. Currently, Vishal Mega Mart is already part of the FTSE Russell Universe.

Earlier this week, promoter entity Samayat Services LLP offloaded shares worth Rs 10,220.4 crore through a bulk deal on the NSE. The sale involved 90 crore shares at Rs 113.6 per share, representing a 19.6% stake. As of March 31, Samayat Services held a 74.6% stake in the company. Following the deal, Vishal Mega Mart shares fell 3.2% on Wednesday to close at Rs 122.7.

Stake sales by promoters typically increase a stock’s free float, thereby enhancing its eligibility for inclusion or weight increase in global indices like MSCI and FTSE. Once a stock is added to such indices, passive investment vehicles such as ETFs that track the benchmarks are obligated to buy the stock accordingly.

Over the past month, shares of Vishal Mega Mart have declined 2.4%, even as the Nifty Midcap 100 Index rose by 1.8% during the same period.

Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

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