Japanese investor SoftBank Group has sold a 1.65% stake in e-commerce company Meesho for about Rs 1,885 crore through a block deal on Friday, further trimming its India portfolio.
Block deal details
SVF II Meerkat (DE) LLC, a SoftBank affiliate, offloaded 7.64 crore shares of the Bengaluru-based company at Rs 246.75 apiece, taking the deal value to Rs 1,885.17 crore, according to block deal data on the National Stock Exchange. After the sale, SoftBank’s holding in Meesho stands at about 5.19%, down from 6.84% as of September 2026.
The shares found takers among a mix of domestic and foreign institutional investors. Fidelity acquired around 1.88 crore shares and Societe Generale about 1.47 crore shares, worth roughly Rs 365 crore, Entrackr reported; PTI also named Societe Generale among the biggest buyers. Other participants included Morgan Stanley, Goldman Sachs, BNP Paribas, the Government of Singapore, the Monetary Authority of Singapore, Norway’s Government Pension Fund Global, William Blair and the Texas Municipal Retirement System, along with domestic mutual funds run by HDFC, Motilal Oswal, Aditya Birla Sun Life and Edelweiss, and Bajaj Allianz Life Insurance.
SoftBank’s India selldown
The Meesho transaction is the latest in a series of stake sales by the Japanese investor in its India portfolio. Earlier this month, SoftBank pared a 1.56% stake in eyewear retailer Lenskart for Rs 1,896 crore, after selling Lenskart stakes worth Rs 2,888 crore in August and Rs 2,873 crore in June, PTI reported. In September, it had sold a 1.7% stake in Meesho itself for Rs 1,650 crore.
Meesho’s financials
Meesho reported a 38% year-on-year rise in operating revenue to Rs 4,132 crore in the September quarter (Q2 FY27), while its net loss narrowed 68% to Rs 132 crore from Rs 411 crore a year earlier, according to Entrackr. The stock rose about 1.5% to close near Rs 258 on the NSE on Friday, giving the company a market value of roughly Rs 1.19 lakh crore, or about $12.5 billion.
The deal comes during an active week for India’s startup ecosystem, which also saw Google invest Rs 10 crore in creator-economy startup Rigi.
Sources: Entrackr and PTI (via The Hindu BusinessLine), both citing block deal data on the National Stock Exchange. Circle of News has not independently reviewed the exchange data.
