SoftBank’s 1.65% Stake Sale in Meesho
SoftBank has made a substantial move by selling a 1.65% share in the e-commerce platform Meesho for approximately Rs 1,885 crore through a block deal this past Friday. According to data from the stock exchange, SoftBank-backed SVF II Meerkat (DE) LLC divested 7.64 crore equity shares at a price of Rs 246.75 each. The total value of this sale was around Rs 1,885.17 crore.
A combination of domestic and international institutional investors acquired the shares. Notably, Fidelity and Societe Generale were the largest purchasers, acquiring 1.88 crore and 1.47 crore shares, respectively, with Morgan Stanley Asia Singapore also participating in the buy. Other notable buyers included Goldman Sachs Bank Europe, the Government of Singapore, HDFC Mutual Fund, and the Monetary Authority of Singapore. Additionally, Motilal Oswal Mutual Fund, Norges Bank representing the Government Pension Fund Global, Bajaj Allianz Life Insurance, Texas Municipal Retirement System, and William Blair Emerging Markets ex China Growth Collective Investment Fund were part of this transaction.
SoftBank’s Stake in Meesho
As of September 2026, SoftBank held a 6.84% stake in Meesho. Following this recent sale, its holding is now estimated to be around 5.19%. This divestment is part of a series of gradual exits by SoftBank from the Bengaluru-based firm, as seen in a previous sale of a 1.73% stake worth Rs 1,650 crore in September 2026.
Meesho’s Financial Performance
Meesho reported an impressive 38% increase in operating revenue year-on-year, reaching Rs 4,132 crore in Q2 FY27. Meanwhile, its net loss decreased by 68% to Rs 132 crore, compared to Rs 411 crore during the same quarter last year.
Market Response
At the close of trading on Friday, Meesho’s shares were valued at Rs 257.07 on the NSE, resulting in a total market capitalisation of Rs 1,19,049 crore (approximately $12.5 billion).