By Debdeep Gupta | 03 Sep, 2026
Meesho block deal: 1.7% stake worth Rs 1,650 crore changes hands; SoftBank likely seller
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 holdin...
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anbillion 2025-05-02 14:32:56
Auto component manufacturer Sundram Fasteners posted a 6.9% year-on-year drop in net profit at Rs 124.4 crore for Q4FY25, despite a 4.4% revenue growth to Rs 1,530.6 crore. The dip was primarily due to weaker margins—EBITDA slipped 1.4% to Rs 224.7 crore, and EBITDA margins narrowed to 14.7% from 15.5%.
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