SoftBank-backed entity SVF II Meerkat (DE) LLC is reported to offload a stake in Indian e-commerce firm Meesho through a block deal involving millions of shares. Inc42 says SoftBank offloaded about 7.6 crore Meesho shares in a block deal worth about ₹1,885 crore, indicating a large secondary sale.
Other outlets report the transaction details around the price and total value. NDTV (in two similar reports) and The Economic Times cite an expected floor price of ₹246.23 per share, a discount of about 3.1% versus Meesho’s closing price of ₹254.15, and total proceeds in the range of roughly ₹1,174 crore for the reported stake sale. The Economic Times adds context on the seller’s current holding and expected post-deal stake reduction.
While most coverage centers on the block deal size and pricing terms, emphasis varies: some focus on the total rupee value of the sale, while others highlight the discount to the closing price and the seller entity’s stake before and after the transaction.
