SoftBank sells Meesho shares worth ₹1,885 crore and trims its Indian holdings further
An affiliate of SoftBank sold a 1.65% stake in Meesho for ₹1,885 crore in a block deal on the NSE. Domestic funds and foreign investors were among the buyers.
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what happened
Japanese investor SoftBank Group sold a 1.65% stake in Meesho for ₹1,885 crore, continuing to reduce its Indian e-commerce portfolio. The trade was carried out by the affiliate SVF II Meerkat (DE) LLC, which offloaded 7.64 crore shares at an average price of ₹246.75 each, according to NSE block deal data, as reported by Moody's.
The affiliate's holding fell from 6.84% to 5.19%. France's SocGen was the largest buyer, taking a position worth ₹364.65 crore. Other participants included Indian mutual funds, Morgan Stanley, Fidelity, Goldman Sachs, and sovereign funds from Singapore and Norway. Meesho shares rose 1.53% on Friday to close at ₹257.99.
why it matters
The sale is part of a series of SoftBank exits from its Indian holdings, including Lenskart and Ola Electric. The fact that a sizeable block found a broad group of buyers points to institutional demand for Meesho stock.
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sources
- Softbank further trims India exposure, offloads Meesho shares worth ₹1,885 cr — Moody's, 14 November 2026 at 05:40 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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