Fidelity exits 1.3% in Meesho for Rs 988 crore as Q4 losses narrow
Fidelity Investments offloaded 5.98 crore Meesho shares at Rs 165 apiece via NSE bulk deals, raising Rs 988 crore. The Bengaluru e-tailer's Q4 net loss shrank to Rs 166 crore even as revenue jumped 47% to Rs 3,531 crore, with a fresh Rs 100 crore push into Meesho Payments.
Fidelity Investments sold a 1.3% stake in Bengaluru-based e-commerce firm Meesho for Rs 988 crore via open market bulk deals on NSE, with shares priced around Rs 165. Meesho's Q4 losses narrowed sharply as revenue grew 47%.