Fidelity dumps ₹988 Cr Meesho stake one day after lock-in expiry
Fidelity offloaded 5.98 Cr Meesho shares at ₹165.18 via bulk deal, part of ₹1,540 Cr in block trades triggered by 68% pre-IPO lock-in expiry. Exit lands despite Q4 FY26 revenue up 47% to ₹3,531 Cr and Jefferies' Buy call with ₹225 target.
Fidelity sold ₹988 Cr of Meesho shares via bulk deal a day after pre-IPO lock-in expiry covering 68% of equity. Sale follows Meesho's strongest post-listing quarter; Jefferies initiated Buy with ₹225 target citing MSME seller flywheel.
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