The transaction will price the shares at ₹246.23 each, representing a 3.1% discount to the previous closing level of ₹254. SoftBank previously cut its holding to 6.87% during a September share sale, while peers Elevation Capital and Peak XV Partners also offloaded equity last month. Meanwhile, the platform has strengthened its underlying business, narrowing its quarterly consolidated net loss by 67.8% year-on-year to ₹132.45 crore alongside revenue expansion to ₹4,131.58 crore.
Key points
SoftBank affiliate SVF II Meerkat is executing its second major stake reduction in recent…: SoftBank affiliate SVF II Meerkat is executing its second major stake reduction in recent months following a ₹1,650.40 crore divestment in September.
Institutional investors are liquidating equity following an 81% share rebound and prior t…: Institutional investors are liquidating equity following an 81% share rebound and prior to the company joining the MSCI India Index.
Operational metrics show platform expansion as annual transacting users reached 284 milli…: Operational metrics show platform expansion as annual transacting users reached 284 million while active sellers climbed 60% to 1.13 million.
Sources checked by our analysis pipeline: 1
Shares of Meesho are likely to remain in focus in Friday's session on November 13, as SoftBank affiliate SVF II Meerkat (DE) LLC is likely to sell a 1% stake in the e-commerce company through a block deal, CNBC-TV18 reported, citing sources.
The deal is estimated to be worth around ₹1,174 crore, with the floor price set at ₹246.23 per share, indicating a 3.1% discount to Thursday's closing price, according to the report.
In September, SVF II Meerkat had offloaded an 1.7% stake in the company through block deals, selling 8 crore shares in two tranches at an average price of ₹206.30 apiece. The combined transaction value stood at ₹1,650.40 crore.
Following the transaction, SoftBank's holding in Meesho declined to 6.87% from 8.6%. The stake sale, however, attracted buyers, with several domestic and foreign institutional investors participating in the transaction.
Mutual funds managed by Motilal Oswal, Franklin Templeton, Canara Robeco and HSBC, along with HDFC Standard Life Insurance and Bajaj Life Insurance Company, were among the domestic institutional investors that acquired Meesho shares at the same price.
Investors observed downward pressure on the enterprise technology provider during current market trading. Market participants are tracking shifts affecting the company's valuation as trading unfolds. The movement reflects an ongoing reassessment of the hardware maker's immediate positioning.
Increased fiscal pressure on Italian financial institutions is introducing notable instability into the broader operating landscape. The Bank of Italy cautions that these policy adjustments will directly strain institutional profitability as the measures take effect. The resulting market climate is expected to challenge balance sheets by the middle of the decade.
Financial markets faced immediate downward pressure during the opening bell as investors reacted to unexpected leadership changes at the major chipmaker. The sudden departure of the company's chief executive triggered widespread selling across equity markets. Market participants closely monitored the development as the vacancy at the helm of the semiconductor giant drove broader trading sentiment lower.