SoftBank sells 1.65% of Meesho in block deal worth Rs 1,885 crore
A SoftBank affiliate cut its stake in Indian e-commerce firm Meesho to 5.19% via a block deal. The shares rose 1.53% to close at Rs 257.99 on the NSE.
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what happened
An affiliate of SoftBank, SVF II Meerkat (DE) LLC, sold 7.64 crore shares in Meesho on Friday through a block deal on the National Stock Exchange of India (NSE), according to data from the exchange. The average price was Rs 246.75 per share, bringing the total transaction value to Rs 1,885.17 crore.
The affiliate's stake fell from 6.84% to 5.19%. The largest buyer was Societe Generale, which acquired shares worth Rs 364.65 crore. Domestic mutual funds and insurers, along with overseas investors including sovereign funds from Singapore and Norway, also took part. Meesho shares gained 1.53% on the day.
According to Moody's, the deal is the latest in a series of SoftBank stake sales in its Indian portfolio. Earlier this month the investor sold 1.56% of Lenskart, and in September it sold 1.7% of Meesho.
why it matters
For the market this is a typical block sale of a large holding: institutional buyers absorbed the entire volume without a visible drop in the share price. Repeated sales show SoftBank continuing to monetise its Indian assets, which matters for investors in Indian e-commerce and consumer technology.
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sources
- SoftBank Sells 1.65% Stake In Meesho For Rs 1,885 Cr — Moody's, 14 November 2026 at 12:31 UTC
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