Promoters of Vishal Mega Mart sold stake worth nearly ₹10,500 crore on Tuesday, and India’s large domestic mutual funds, SBI MF, Kotak MF and HDFC MF were the buyers in that transaction.
According to a note from Nuvama Alternative & Quantitative Index, Vishal Mega Mart is set to be included in the FTSE Global Midcap index. The stock is currently part of the FTSE Russel Universe and the inclusion will take place in the June 2025 review itself. This inclusion will result in net inflows worth $115 million in the stock, when the adjustments take place on Friday, June 20.
The note further added that following the 20% promoter stake sale, global index services provider MSCI is also expected to revise the free float upwards. This will mean that the chances of the stock being included in the MSCI indices in August 2025.
In case the stock does get included in the MSCI indices in August, Nuvama Alternative & Quantitative Research expects inflows worth up to $225 million in the stock.
Earlier this week, brokerage firm JM Financial had highlighted four stocks, Swiggy, Mazagon Dock Shipbuilder, Hitachi Energy India, and Waaree Energies to be included in the MSCI indices in August, which could bring inflows worth $850 million.
Shares of Vishal Mega Mart are currently trading 1.1% higher at ₹128.1.
