Meesho Block Deal: SoftBank-Backed Entity Likely to Sell 1% Stake Worth Rs 1,174 Crore

Softbank further trims India exposure, offloads Meesho shares worth ₹1,885 cr

SVF II Meerkat (DE) LLC, an affiliate of SoftBank, offloaded 7.64 crore shares in Meesho, according to the block deal data on the National Stock Exchange (NSE)

SoftBank further trims India exposure, offloads Meesho shares worth Rs 1,885 crore

Meesho block deal: SoftBank-backed entity likely to sell 1% stake worth Rs 1,174 crore

SoftBank-backed SVF II Meerkat may sell a 1% stake in Meesho through a Rs 1,174 crore block deal. The development comes as Meesho reports narrowing losses, rising revenue and strong user growth.

Meesho block deal: SVF II Meerkat to offload 1% stake at ₹246 apiece; deal size ₹1,174 crore

Meesho shares may be in focus after a SoftBank affiliate reportedly planned to sell a 1% stake for about ₹1,174 crore at a 3.1% discount. 

SoftBank sells Meesho stake worth 1885 crore in block deal market watch

Japanese investor SoftBank sells stake worth over 1885 crore in Meesho. Know which major investors bought shares and the market impact.