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Japanese investment giant SoftBank has sold 8 crore shares of e-commerce platform Meesho for around Rs 1,650.4 crore through a block deal on Thursday on NSE. According to stock exchange data, SoftBank’s investment vehicle SVF II Meerkat (DE) LLC sold the shares at Rs 206.30 apiece. The transaction represents around 1.73% stake in Meesho. The shares were picked up by a mix of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund. Other buyers included funds managed by Fidelity, Franklin Templeton and Manulife, along with Goldman Sachs Bank Europe, HDFC Standard Life Insurance, Bajaj Allianz Life Insurance, Canara Robeco Mutual Fund, Bank of America Securities and other institutional investors. SVF II Meerkat held an 8.60% stake in Meesho as of June 2026. If the entire 8 crore shares sold in Thursday’s transaction came from the SoftBank entity, its holding would fall to around 6.87%. The exit adds to SoftBank’s recent sell-offs in listed Indian technology companies. In August, SoftBank sold another Rs 2,888 crore worth of Lenskart shares through a block deal, following a Rs 2,873 crore sale in June. This transaction comes shortly after a strong month of secondary market activity in Indian new-age companies. In August, investors executed 17 block and bulk deals worth Rs 26,337 crore ($2.77 billion) across 12 companies, including Meesho, Groww, Eternal and Lenskart. Meesho alone saw early investors offload Rs 1,949 crore worth of shares through a block deal, followed by Y Combinator’s Rs 970 crore stake sale. In Q1 FY27, Meesho’s operating revenue grew 48% year-on-year to Rs 3,713 crore, while its net loss narrowed 54% to Rs 133 crore from Rs 289 crore in the year-ago quarter. At the end of Thursday’ trading session, Meesho's shares closed at Rs 209.74, taking the company's market capitalization to Rs 96,983 crore (around $10.2 billion).
document fetched 2026-09-04 02:54