Fidelity exits 1.3% of Meesho for Rs 988 crore in open market block deal
Fidelity Investments offloaded 5.98 crore Meesho shares at Rs 165.18-165.21 apiece via NSE bulk deals, raising Rs 988 crore. The trim follows Meesho's Q4 print where net loss narrowed 88% and revenue jumped 47% to Rs 3,531 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. Meesho recently reported Q4 net loss narrowing 88% with revenue up 47% to Rs 3,531 crore.