SoftBank likely sheds $187M Meesho stake in block deal
What's the deal? A 1.7% stake in Meesho worth Rs 1,650.4 crore changed hands through a block deal on Thursday, with SoftBankDealroom has a profile for this one. Try Dealroom → the likely seller. Some 8 crore shares sold at Rs 206.3 each — a 2.5% discount to the previous close of Rs 211.6.
Why now? The transaction landed larger than reports had signalled a day earlier. SoftBank was initially expected to sell about 7 crore shares, or a 1.5% stake, through its SVF II Meerkat DEDealroom has a profile for this one. Try Dealroom → vehicle for roughly Rs 1,435 crore, before the size grew.
SVF II Meerkat DE held an 8.60% stake in the e-commerce company as of the June 2026 quarter. Bank of AmericaDealroom has a profile for this one. Try Dealroom → and JP Morgan were expected to bank the deal.
By the numbers: The sale follows a stronger June quarter for Meesho. 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% year-on-year to Rs 3,712.8 crore.
EBITDA loss narrowed to Rs 224.7 crore from Rs 264.4 crore. Net Merchandise Value grew 34% year-on-year to Rs 11,614 crore, driven by user growth and higher engagement.
Meesho shares closed 3.14% higher at Rs 211.6 on September 2, valuing the company at just under Rs 97,900 crore. The stock has gained 16.5% in 2026, against an 8.5% decline in the Nifty 50.
The signal: An early backer trimming its holding after a share-price run and improving fundamentals is a familiar post-listing pattern. For Meesho, the exit tests appetite for its stock even as losses shrink and revenue climbs.
Image credit: meesholegal.help
