Now Reading: SoftBank sells Meesho shares worth Rs 1,885 crore in block deal
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SoftBank sells Meesho shares worth Rs 1,885 crore in block deal
SoftBank sells Meesho shares worth Rs 1,885 crore in block deal
The Story in Brief
Japanese investor SoftBank, through its affiliate SVF II Meerkat (DE) LLC, sold 7.6 crore shares of Meesho in a block deal on Friday, 13 November 2026, for Rs 1,885.17 crore. The shares were sold at Rs 246.75 apiece, a discount of about 4% to the stock's closing price, according to NSE data. With this sale, SoftBank's holding in Meesho has fallen to 5.19% from 6.84%.
Buyers included a mix of domestic and foreign institutions. Inc42 reports that Fidelity picked up the largest single chunk worth Rs 573.1 crore, while Societe Generale bought shares worth Rs 364.6 crore and Morgan Stanley acquired Rs 244.9 crore. The Economic Times adds that HDFC Mutual Fund, Edelweiss, Bajaj Life Insurance, BNP Paribas, and the Monetary Authority of Singapore also participated. The deal comes as Meesho's stock has risen 32.8% in the past three months on improved financials, including a 68% cut in net loss to Rs 132.5 crore in Q2 FY27.
Indian Opinion Analysis
Both Inc42 and The Economic Times report the block deal as a routine profit-booking exercise by SoftBank, noting Meesho's improved profitability and stock surge. The Economic Times provides more context on SoftBank's broader India portfolio monetisation, listing recent stake sales in Lenskart and Ola Electric, framing the Meesho sale as part of a systematic exit pattern. Inc42 leads with the deal size and discount, emphasising the buyer list and Meesho's financial turnaround. Neither outlet adopts a critical stance toward SoftBank or the company, coverage is uniform, factual market reporting. The key figure to watch is SoftBank's remaining 5.19% stake and whether further sales follow as Meesho's stock performance continues.
Coverage: 2 sources, 2 neutral
Sources (2): inc42.com (neutral report), economictimes.indiatimes.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
