7/106 sources · 6 publishersUpdated Nov 14, 09:43 UTC
SoftBank sells 1.65% Meesho stake for ₹1,885.17 crore
SoftBank affiliate SVF II Meerkat (DE) LLC sold a 1.65% Meesho stake in a block deal on November 13, 2026. The shares changed hands at ₹246.75 each for ₹1,885.17 crore, with Fidelity, Societe Generale, Morgan Stanley and other institutions among the buyers. SoftBank’s reported holding fell from 6.84% to 5.19%.
Why it matters
This was a secondary-market sale, so the proceeds go to SoftBank’s affiliate and Meesho does not receive new capital. The transaction increases the public share supply while transferring the stake to institutional investors.
Key facts
- 1SoftBank sold a 1.65% stake in Meesho for ₹1,885.17 crore. niftytrader.in
- 2The shares were sold at ₹246.75 per share. niftytrader.in
- 3SoftBank’s holding declined from 6.84% to 5.19%. indianweb2.com
- 4Fidelity was the largest aggregated buyer, acquiring shares worth ₹573.07 crore across multiple investment schemes. niftytrader.in
- 5Societe Generale bought shares worth approximately ₹364.65 crore. niftytrader.in
Open questions
- Material 3 says the reduced 5.19% holding is an estimate pending subsequent shareholding disclosures.
- Materials report different post-transaction Meesho closing prices, including ₹257.07 in material 3 and ₹257.99 in material 4.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.