Softbank further trims India exposure, sells Meesho shares worth ₹1,885 cr
Japanese investor SoftBank Group has sold 1.65 per cent stake in Meesho for Rs 1,885 crore, further trimming its investments in India's e-commerce sector. In the latest transaction,…
Attributed summary
Japanese investor SoftBank Group has sold 1.65 per cent stake in Meesho for Rs 1,885 crore, further trimming its investments in India's e-commerce sector. In the latest transaction, SVF II Meerkat (DE) LLC, an affiliate of SoftBank, offloaded 7.64 crore shares in Bengaluru-based Meesho, according to the block deal data on the National Stock Exchange (NSE). The share sale was executed on Friday at an average price of Rs 246.75…
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