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FMR LLC, FIL and subsidiaries trim stake to 2.97% in V-mart

25 Jul 2017 Evaluate

FMR LLC and FIL and their subsidiaries have reduced stake in retail chain V-mart Retail by 2.43 per cent, selling 4.39 lakh shares in the market. FMR LLC and FIL and their subsidiaries, which had 5.40 per cent stake earlier, brought down its shareholding in the company to 2.97 per cent by selling shares on July 20.

Based on weighted average price of the stock on July 20 at Rs 1,145.71 apiece, the transaction is estimated to have valued at Rs 50.38 crore.

V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family.

V-Mart Retail Share Price

615.00 3.85 (0.63%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 4629.25
Trent 4105.95
Vishal Mega Mart 118.90
Aditya Birla Lifesty 105.86
PN Gadgil Jewellers 667.45
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