MUMBAI, September 3: A major block deal involving approximately 1.7% of Meesho’s equity worth ₹1,650.4 crore took place on Thursday, exceeding the ₹1,435-crore transaction initially expected from SoftBank’s investment vehicle.
Around 8 crore Meesho shares changed hands at an average price of approximately ₹206.3 per share, representing a discount of about 2.5% to the company’s previous closing price of ₹211.60.
Deal Larger Than Initially Planned
SoftBank Vision Fund entity SVF II Meerkat (DE) LLC had initially planned to sell around 7 crore shares, equivalent to a 1.5% stake in Meesho, at a floor price of ₹205 per share.
At that floor price, the original transaction was valued at approximately ₹1,435 crore.
However, Thursday’s block deal was larger than the initial proposal, with around 8 crore shares ultimately changing hands.
SoftBank Reported as Likely Seller
SoftBank is reported to be the likely seller in the transaction.
SVF II Meerkat held approximately 8.60% of Meesho as of the June 2026 quarter, according to the company’s shareholding data.
The final identities of the buyers were not immediately disclosed.
Shares Trade at Discount
The block transaction was executed at around ₹206.3 per share, compared with Meesho’s Wednesday closing price of ₹211.60.
That represents a discount of roughly 2.5% to the previous market close.
The original floor price of ₹205 had represented a discount of about 3.1%.
Bank of America and JP Morgan Linked to Deal
BofA Securities India and J.P. Morgan India were appointed as placement agents for the proposed secondary share sale.
The transaction is a secondary deal, meaning the proceeds go to the selling shareholder rather than to Meesho itself.
Meesho Shares in Focus
The block deal puts Meesho shares firmly in focus during Thursday’s trading session.
The company’s stock had risen more than 3% in the previous session, closing at ₹211.60 and taking its market capitalisation to just under ₹98,000 crore.
Meesho Reports Strong Revenue Growth
The transaction comes after Meesho reported stronger operating performance for the June quarter.
The company’s consolidated net loss narrowed to approximately ₹132.8 crore, compared with ₹289.4 crore in the corresponding period a year earlier.
Revenue from operations increased around 48% year-on-year to ₹3,712.8 crore, while Net Merchandise Value rose approximately 34%.
The large secondary transaction reflects continued investor activity around Meesho even as an existing major shareholder looks to partially monetise its holding.
source – Moneycontrol
Supreme News Network
Your blog post was fantastic. Thanks for the great content. You may wish to check out a great credit building workbook at: https://voti1.com/The-48-Hour-Credit-Reset-Workbook
Emo lesbian vidsFree adult woman gamesKinky extream sex video vomitFetish
physical contrastFuck a bitch mp3Santa cartoon and xxxA guy ridiing two
cocksExplicit sex novel free onlineFree gay iphone
xnxx Sex chat netEnlarging the penis naturallyYoung prteteens nudeVirgin mobile navigatorHot for older men pornFuck 89Forced to masturbate video https://m.xnxxtubexxx.cc/ Escort daytona
beachBabe brazilian free gallery hot sexyInternet is for porn movieGlory hole romford toiletBlack ass and pussy free videosTorremolinos gay nightlifeNudist club in franceNaturist nude thumbnailsRosie jones nudeCheap escorts in chicago xnxx Mature asian woman gallerySexual
health in womenVintage mining implements john deereAsian long nipples vidoeLesbian licking pussy sexFucker
movie sexFree porno aviAsian shower datingSmall tite tranny picturesKimosabi.en.wanadoo.es lesson milf site trinityGay porn movies to orderJessica biel
powder blue sex clipStrip club moberly