Markets India
SoftBank's affiliate SVF II Meerkat plans to sell a 1% stake in Meesho through a block deal valued at ₹1,174 crore. The transaction is priced at ₹246.23 per share, reflecting a 3.1% discount from Thursday’s closing price.
SoftBank's affiliate SVF II Meerkat (DE) LLC has announced plans to sell its 1% stake in e-commerce platform Meesho through a block deal valued at ₹1,174 crore. The transaction is set to be priced at ₹246.23 per share, representing a 3.1% discount from Thursday’s closing price of ₹254. This follows an earlier stake sale in September that totaled ₹1,650.40 crore for 8 crore shares at an average price of ₹206.30 apiece.
The deal underscores growing investor confidence in Meesho's recovery and growth prospects following its stock rebound. The company’s inclusion in the MSCI India Index has further bolstered market sentiment, with revenue from operations rising 34.4% year-on-year to ₹4,131.58 crore in Q2 FY27.
Meesho also reported a significant increase in annual transacting users, which rose 21% YoY to 284 million and last-twelve-month (LTM) purchase frequency climbed 7% to 10.4. Despite these positive trends, the company’s consolidated net loss narrowed only slightly—67.8%, to ₹132.45 crore in Q2 FY27—and its EBITDA loss remained at ₹229 crore.
The discount on Thursday's closing price suggests cautious optimism about Meesho’s future performance amid ongoing market uncertainty.
Meesho’s user growth and MSCI inclusion signal improving prospects, but the key challenge remains whether its stock can sustain this recovery in a volatile environment.
Topics: E-Commerce, Investment, Markets, SoftBank, Meesho, Stock Market, Financial News
#Meeshostake #SoftBankIndia #MSCIIndexInclusion #StockMarketUpdate #InvestmentNews
Source: LiveMint
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