Japanese investment major SoftBank has sold a 1.65% Meesho stake for approximately Rs 1,885 crore through a block deal. The transaction involved the sale of 7.64 crore equity shares by SoftBank affiliate SVF II Meerkat (DE) LLC at Rs 246.75 per share, according to stock exchange data.
Key Highlights:
- Investment major SoftBank sells 7.64 crore Meesho stake for Rs 1,885.17 crore through a block deal at Rs 246.75 apiece.
- The sale reduces SoftBank's estimated Meesho holding from 6.84% to 5.19%, following another stake sale in September.
The deal was valued at Rs 1,885.17 crore, with shares acquired by a mix of domestic and international institutional investors. The latest transaction marks another partial exit by SoftBank, which had sold a 1.73% stake worth around Rs 1,650 crore in Meesho in September 2026.
Fidelity, Societe Generale Among Buyers in Meesho Block Deal
Fidelity and Societe Generale emerged as the largest buyers in the latest transaction, acquiring 1.88 crore and 1.47 crore Meesho shares, respectively. Morgan Stanley Asia Singapore was also among the major institutional buyers.
Other investors participating in the block deal included Goldman Sachs Bank Europe, the Government of Singapore, HDFC Mutual Fund, the Monetary Authority of Singapore, Motilal Oswal Mutual Fund and Norges Bank on behalf of the Government Pension Fund Global.
Bajaj Allianz Life Insurance, Texas Municipal Retirement System, William Blair Emerging Markets ex China Growth Collective Investment Fund, Aditya Birla Sun Life Mutual Fund, FGTFEBP FIAM Select Emerging Markets Equity Commingled Pool and BNP Paribas were also among the buyers.
SoftBank's Meesho Stake Falls to Around 5.19%
SoftBank held a 6.84% Meesho stake as of September 2026. Following the sale of 1.65% equity, its holding is estimated to have declined to approximately 5.19%.
The latest divestment follows SoftBank's September transaction, when its investment vehicle sold 1.73% of Meesho for around Rs 1,650 crore. The successive stake sales represent partial exits by the Japanese investor while Meesho continues to operate as a publicly listed company.
Meesho Q2 FY27 Revenue Rises as Net Loss Narrows
Meesho reported operating revenue of Rs 4,132 crore in Q2 FY27, an increase of approximately 34% year-on-year. Its net loss narrowed 68% to Rs 132 crore from Rs 411 crore in the corresponding quarter last year.
Commenting on the company's quarterly performance, Vidit Aatrey, Chairman, Managing Director and CEO of Meesho, said that the Q2 performance reflects the strength of Meesho's operating model.
The company also reported net merchandise value (NMV) of Rs 12,911 crore, up 23% year-on-year, while its annual transacting user base reached 284 million. Aatrey highlighted the company's operating performance and continued user growth in its Q2 FY27 results commentary.
Also Read: Meesho Cuts Quarterly Loss 68% as Revenue Rises 34% in Q2 FY27
Meesho Shares Close at Rs 257.07 After Block Deal
Meesho shares closed at Rs 257.07 on the NSE on November 13, taking the company's market capitalisation to approximately Rs 1,19,049 crore, or $12.5 billion.
The block deal took place at Rs 246.75 per share, below the stock's closing price for the session. The transaction provided an opportunity for institutional investors to acquire shares while allowing SoftBank to further reduce its holding in the e-commerce company.
