SoftBank Offloads Meesho Shares Worth ₹1,855 Cr

by · Inc42

SUMMARY

  • As per NSE data, the investment firm, via its affiliate SVF II Meerkat (DE) LLC, offloaded the stake at ₹246.75 per share to rake in the amount
  • The bulk deal comes as the Japanese investor looks to book profits amid a sharp uptick in Meesho’s share prices in recent months and improving financials
  • The shares that flooded the market were lapped up by Societe Generale, Morgan Stanley, Aditya Birla Sun Life Mutual Fund, Motilal Oswal Mutual Fund, Goldman Sachs, among others