Meesho sees ₹1,949 crore block deal as 10.48 crore shares change hands
A block transaction in Meesho saw 10.48 crore shares trade at ₹186 each, valuing the deal at ₹1,949.28 crore. Elevation Capital and Peak XV entities had proposed selling up to 2.3% of the marketplace operator’s outstanding shares.
Meesho saw a Rs 1,949.28 crore block deal as 10.48 crore shares traded at Rs 186 each. Elevation Capital and Peak XV entities had proposed selling up to 2.3% of the Indian marketplace operator.
Why this matters
The deal follows signals on a Meesho stake sale and its reseller-led social-commerce strategy to digitise India’s unorganised retail market.
Retail-company signals are accelerating, up 198986% QoQ.