SoftBank sells 1.65% stake in Meesho for Rs 1,885 Cr through block deal

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Japanese investment giant SoftBank has offloaded a 1.65% stake in e-commerce platform Meesho for around Rs 1,885 crore through a block deal on Friday.
According to stock exchange data, SoftBank-backed SVF II Meerkat (DE) LLC sold 7.64 crore equity shares of Meesho at Rs 246.75 per share. The transaction was valued at approximately Rs 1,885.17 crore.
The shares were acquired by a mix of domestic and foreign institutional investors. Fidelity and Societe Generale emerged as the largest buyer, acquiring 1.88 crore and 1.47 crore shares respectively, followed by Morgan Stanley Asia Singapore.
Other buyers included Goldman Sachs Bank Europe, Government of Singapore, HDFC Mutual Fund, Monetary Authority of Singapore, Motilal Oswal Mutual Fund, Norges Bank on account of the Government Pension Fund Global, Bajaj Allianz Life Insurance, Texas Municipal Retirement System and William Blair Emerging Markets ex China Growth Collective Investment Fund.
Aditya Birla Sun Life Mutual Fund, FGTFEBP FIAM Select Emerging Markets Equity Commingled Pool and BNP Paribas were also among the buyers.
SoftBank held a 6.84% stake in Meesho as of September 2026. Following the latest transaction, its holding is estimated to have declined to around 5.19%.
The latest stake sale marks another partial exit by SoftBank from the Bengaluru-based company, following its earlier divestment of a 1.73% stake worth Rs 1,650 crore in September 2026.
Meesho reported a 38% year-on-year growth in operating revenue to Rs 4,132 crore in Q2 FY27, while its net loss narrowed 68% to Rs 132 crore from Rs 411 crore in the corresponding quarter last year.
At the end of Friday’s trading session, Meesho's shares closed at Rs 257.07 on the NSE, with a total market capitalization of Rs 1,19,049 crore ($12.5 billion)

document fetched 2026-11-14 03:05