03 Sep , 2026 By : Debdeep Gupta
A 1.7 percent stake in Meesho Ltd worth Rs 1,650.4 crore changed hands through a block deal on Thursday, with SoftBank likely to be the seller. As many as 8 crore shares of Meesho were sold at Rs 206.3 apiece, representing a 2.5 percent discount to the stock’s previous closing price of Rs 211.6.
Earlier yesterday, reports said that Japanese investment major Softbank was looking to pare its holding in e-commerce company Meesho. The final transaction was larger than the share sale indicated in reports on September 2.
SoftBank was initially expected to sell around 7 crore shares, or a 1.5 percent stake, through its investment vehicle SVF II Meerkat DE for about Rs 1,435 crore. The proposed sale size was later reported to have been increased to around Rs 1,634 crore.
SVF II Meerkat DE held an 8.60 percent stake in Meesho as of the June 2026 quarter, according to the company's shareholding pattern. Bank of America and JP Morgan were expected to be the bankers for the transaction.
Meesho shares had closed 3.14 percent higher at Rs 211.6 on September 2, taking the company's market capitalisation to just under Rs 97,900 crore. The stock has gained 16.5 percent so far in 2026, compared with an 8.5 percent decline in the Nifty 50.
The block deal comes after Meesho reported a narrower loss alongside strong revenue growth for the June quarter. Its consolidated net loss narrowed to Rs 132.8 crore in Q1 FY27 from Rs 289.4 crore a year earlier, while revenue from operations jumped 48 percent year-on-year to Rs 3,712.8 crore.
The company's EBITDA loss narrowed to Rs 224.7 crore from Rs 264.4 crore in the year-ago quarter. Net Merchandise Value grew 34 percent year-on-year to Rs 11,614 crore, driven by continued user growth and higher engagement on the platform.
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