HSBC Bank Mauritius has sold 13.91 lakh shares of V-Mart Retail for Rs 392 crore through an open market transaction. The shares were disposed off at an average price of Rs 2,816.29 apiece, taking the transaction value to Rs 391.97 crore. Meanwhile, Plutus Wealth Management LLP picked up 11,45,000 shares of the company.
V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities.