Mutual Funds Lift Meesho Stakes As Early Foreign Backers Exit Post Lock-In
After Meesho's IPO lock-in expired June 9, early foreign investors including Fidelity trimmed holdings, with 17 foreign firms exiting and Fidelity offloading 5.98 Cr shares. Domestic mutual funds added 15.18 Cr shares, lifting domestic ownership to 8.89% from 5.55%, mirroring Paytm's ownership shift.
Post-IPO lock-in expiry saw early foreign backers like Fidelity trim Meesho stakes, while domestic mutual funds and AIFs raised holdings, lifting domestic ownership to 8.89% from 5.55%, mirroring a broader trend seen at Paytm.
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