SoftBank sells 1.65 percent of Meesho for 1,885 crore rupees

SVF II Meerkat, a SoftBank affiliate, sold 76.4 million Meesho shares, a 1.65 percent stake, for 1,885.17 crore rupees in a block deal on Friday, cutting its holding in the Indian e-commerce company to 5.19 percent from 6.84 percent.

Why it matters: The sale is SoftBank's second Meesho trim in ten weeks and continues its monetisation of listed Indian technology holdings, and institutional buyers absorbed the stake as Meesho shares closed higher on the day.

Data as of National Stock Exchange block deal data for Friday, November 13, 2026, as reported by The Hindu BusinessLine on November 14, 2026 and read in full, with matching figures in the Inshorts report of the same day, read in full. Developing item.

SoftBank’s affiliate SVF II Meerkat (DE) LLC sold 76.4 million shares in Bengaluru-based Meesho at an average price of 246.75 rupees on Friday, according to block deal data on the National Stock Exchange, taking the deal value to 1,885.17 crore rupees and its holding down to 5.19 percent from 6.84 percent. Societe Generale was the largest buyer, taking more than 14.7 million shares, a 0.32 percent stake, for 364.65 crore rupees, alongside domestic mutual funds and overseas institutions including Morgan Stanley, Fidelity Investments, BNP Paribas and Goldman Sachs, and Meesho shares rose 1.53 percent to close at 257.99 rupees on Friday. The sale follows a 1.7 percent Meesho stake sale for 1,650 crore rupees in September and a series of trims to SoftBank’s other listed Indian holdings this year.

SoftBank sells 1.65 percent of Meesho for 1,885 crore rupees

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