US-based on Friday bought a 1.1 per cent stake in supermarket chain for ₹655 crore through . Following the stake buy, shares of rose 2.12 per cent to close at ₹128.80 apiece on the .
Investment management company Vanguard Group, through its affiliates, purchased more than 5.04 crore 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 ₹129.74 apiece, taking the combined deal value to ₹655.16 crore. Details of the sellers could not be ascertained on the NSE.