Fidelity exits 1.3% of Meesho for Rs 988 crore in NSE bulk deals
Fidelity Investments offloaded 5.98 crore Meesho shares at Rs 165.18-165.21 apiece via open market bulk deals on NSE, raising Rs 988 crore. The exit follows Meesho narrowing its Q4 net loss to Rs 166.34 crore on 47% revenue growth to Rs 3,531.21 crore.
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 at Rs 165.18-165.21 per share. Meesho recently narrowed Q4 losses with 47% revenue growth.