Fidelity trims Meesho stake, raises ₹988 crore in NSE bulk deal at ₹165/share
Fidelity Investments sold a 1.31% stake in Bengaluru-based Meesho for ₹988 crore via open-market bulk deals at ₹165.18-165.21/share. The exit follows Meesho's narrowed Q4 net loss of ₹166.34 crore and 47.13% revenue growth to ₹3,531.21 crore.
Fidelity Investments sold a 1.31% stake in e-commerce firm Meesho for ₹988 crore via open market bulk deals on NSE at ₹165 per share, following Meesho's narrowed Q4 loss and 47% revenue growth.