- Meesho shares will be in focus as SVF II Meerkat plans to sell shares
- SVF II Meerkat is an investment vehicle for SoftBank Vision Fund II
- Up to 4.78 crore shares are set to be offloaded by SVF II Meerkat
Meesho shares will be in focus as its public institutional shareholder SVF II Meerkat is set to offload up to 4.78 crore shares in the company, according to sources. It operates as an investment vehicle for SoftBank Vision Fund II.
The offer floor price is expected to be set at Rs 246.23 per share with a 3.1% discount, The deal size is up to Rs 1,175 crore at the floor price. The shareholder held 6.8% stake in the firm prior to the impending transaction. The selling shareholder is subject to a 30-day lock-up period after the transaction.
On Sept. 24, 2026, RPS WOS II LLC sold shares worth around Rs 899 crore through multiple block deals, with a host of global institutional investors, mutual funds and other financial institutions emerging as buyers.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
RPS WOS II LLC sold a total of around 3.86 crore Meesho shares at Rs 233 apiece, taking the total transaction value to approximately Rs 899 crore. The Government of Singapore was the largest buyer in the block transactions, acquiring 1.32 crore shares for around Rs 307.53 crore.
Mirae Asset Mutual Fund purchased 77.21 lakh shares for approximately Rs 179.91 crore, while Societe Generale acquired 35.50 lakh shares for around Rs 82.72 crore.
ALSO READ: Meesho Block Deal: Goldman Sachs, Morgan Stanley Among Buyers As Rs 900-Crore Stake Change Hands
Other buyers included BNP Paribas Arbitrage, Fidelity Advisor Series VIII-Fidelity Advisor Overseas Fund, Citigroup Global Markets Singapore, Norges Bank on Account of Government Petroleum Fund, Goldman Sachs Bank Europe, Ghisallo Master Fund, NRSGVCC, Morgan Stanley Asia Singapore, WhiteOak Capital Mutual Fund, Bajaj Life Insurance and Edelweiss Mutual Fund.
Goldman Sachs Bank Europe acquired 12 lakh shares, while Morgan Stanley Asia Singapore bought 10.73 lakh shares. Citigroup Global Markets Singapore purchased 15.50 lakh shares and BNP Paribas Arbitrage acquired 20.50 lakh shares.
(This is a developing story.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
