Fidelity exits 1.3% of Meesho for ₹988 cr as Jefferies, Macquarie split on value-commerce play
Post lock-in, Fidelity offloaded 5.98 cr Meesho shares at ₹165.18 for ₹988 cr. Jefferies initiates Buy with ₹225 TP on the value-commerce flywheel; Macquarie tags Underperform, flagging deflating order values and stretched valuations even as Q4 loss narrows to ₹166 cr on revenue of ₹3,531 cr (+47% YoY). Stock down 7% YTD.
Fidelity sold 1.31% in Meesho for ₹988 cr post lock-in expiry. Jefferies initiated Buy (TP ₹225) on value-commerce flywheel; Macquarie rates Underperform citing deflating order values and stretched valuations despite narrowing losses.