Japanese investment firm SoftBank has executed a block deal to sell 7.6 crore shares of Meesho, valued at ₹1,885.2 crore, according to data reported by Inc42. The transaction was conducted through SoftBank’s affiliate, SVF II Meerkat (DE) LLC. The shares were sold at a price of ₹246.75 per share, representing a 4% discount to the stock’s closing price on the previous Friday. This sale marks a significant reduction in SoftBank’s equity position in the listed ecommerce giant.
The shares were acquired by a consortium of institutional investors. Fidelity, utilizing multiple affiliates and funds, purchased the largest portion of the stake, totaling ₹573.1 crore. Societe Generale followed as the second-largest buyer, acquiring shares worth ₹364.6 crore. Morgan Stanley, acting through two separate funds, took a stake valued at ₹244.9 crore. Other participants in the deal included Motilal Oswal Mutual Fund, which bought shares worth ₹129.5 crore, and Aditya Birla Sun Life Mutual Fund, which acquired holdings worth ₹103.4 crore. As per NSE data, the investment firm’s affiliate managed the distribution of these shares to the various buyers.
This transaction reduces SoftBank’s holding in Meesho by nearly a quarter. Prior to the sale, the Japanese investor held 31.6 crore shares, constituting 6.84% of the company’s total equity as of the end of September 2026. This is not the first time SoftBank has reduced its position in the company. In September, the firm offloaded 8 crore shares for ₹1,650.4 crore. The current sale continues a trend of profit-taking by the investor as Meesho’s valuation has risen.
The decision to sell comes amid a sharp appreciation in Meesho’s stock price. Over the past three months, the shares have surged by 32.8%, with a year-to-date gain of 42.6%. This market performance is underpinned by improving financial metrics. In the second quarter of the fiscal year 2027, Meesho reported a 68% decline in its consolidated net loss, which fell to ₹132.5 crore from ₹411.4 crore in the same period last year. Revenue from operations increased by 34% year-on-year to ₹4,131.6 crore. SoftBank’s Vision Fund 2 recorded valuation gains of $121 million from Meesho during the September 2026 quarter. Following the block deal, Meesho shares closed at ₹257.15 on the BSE, up 1.18%.