A block deal involving 10.48 crore Meesho shares, or around 2.27% equity, was executed on Tuesday.
The transaction was valued at around ₹1,949 crore, with the average deal price pegged at ₹186 per share.
The development comes after reports that Peak XV Partners and Elevation Capital were planning to sell a combined 2.3% stake in the e-commerce platform.
Meesho Sees ₹1,949 Cr Block Deal as Over 10 Cr Shares Change Hands; Stock Gains 1.3%
More than 10.4 crore Meesho shares changed hands in a large block deal, days after reports suggested Peak XV Partners and Elevation Capital were planning a stake sale
Summary
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A large block deal involving e-commerce platform Meesho took place on Tuesday, with 10.48 crore shares, representing around 2.27% of the company's outstanding equity, changing hands.
The transaction was executed at an average price of ₹186 per share, taking the total deal value to approximately ₹1,949 crore. The identities of the buyers and sellers were not immediately known.
The deal comes a day after CNBC-TV18, citing sources, reported that existing investors Peak XV Partners and Elevation Capital were likely to sell around 10.5 crore shares, or 2.3% stake, through block deals worth about ₹1,900 crore. At around 10:19 am, Meesho shares were trading 1.34% higher at ₹194.14 on the NSE.
Stake Sale Reports Follow Investor Holdings
According to CNBC-TV18, the proposed block deal had a floor price of ₹182.08 per share, representing a 5% discount to the previous closing price.
Shareholding data for the June quarter showed that Peak XV Partners Investments V held a 10.06% stake in Meesho, while Peak XV Partners Growth Investments IV owned 1.39%. Elevation Capital V Ltd held 12.04% in the company. The buyers and sellers in the transaction are yet to be officially disclosed.
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Meesho Cuts Loss, Eyes Festive Demand
Last month, Meesho reported a consolidated net loss of ₹132.8 crore for the quarter ended June 30, improving from a loss of ₹289.4 crore a year earlier. Revenue from operations rose 48% year-on-year (YoY) to ₹3,712.8 crore.
According to the company, net merchandise value (NMV) growth is expected to moderate in the July-September quarter as it increases spending to acquire customers ahead of the festive season. It said the timing of its flagship Mega Blockbuster Sale has been shifted to the October-December quarter this year, which is expected to support stronger growth later in the financial year.
Meesho, which made its stock market debut in December 2025, has seen volatile trading since listing. After touching post-listing highs of around ₹254, the stock has largely traded in the ₹180-190 range in recent weeks and has gained about 28% over the last six months.
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