Meesho shares rise over 1% amid block deal buzz; SoftBank-backed entity likely to offload 1% stake for ₹1,174 crore
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Shares of Meesho rose over 1% in early trade on Friday, even as the broader market remained under pressure, amid reports that a SoftBank-backed investment vehicle was looking to pare its holding in the e-commerce company through a block deal.
The Meesho shares rose as much as 1.27% to ₹257.40 in early trade after opening slightly lower at ₹253.05 on the BSE.
At 9:30 am, Meesho shares were trading at ₹255.30, up 0.45% from their previous close of ₹254.15. In comparison, the BSE Sensex and NSE Nifty were down around 0.6% each in early trade, tracking weak cues from global markets.
On Thursday, Meesho shares had closed 2.42% higher at ₹254.15 after touching a 52-week high of ₹259 during the session. The largecap stock has more than doubled from its 52-week low of ₹125.70, recorded on March 16, 2026. Meesho made its stock market debut on December 10, 2025, at an issue price of ₹111 per share.
SoftBank-backed entity looking to sell 1% stake
According to reports, SoftBank Group-backed investment vehicle SVF II Meerkat (DE) LLC is likely to sell around 1% stake in Meesho through a block deal valued at approximately ₹1,174 crore. The floor price for the transaction has reportedly been fixed at ₹246.23 per share, a discount of around 3.1% to Thursday's closing price.
SVF II Meerkat (DE) LLC held a 6.84% stake in Meesho as of September 2026. The proposed transaction would represent a partial divestment by the investor.
The reported block deal comes after Meesho posted an improvement in its financial performance for the September quarter. The company's consolidated net loss narrowed 68% year-on-year to ₹132.4 crore in Q2 FY27, compared with ₹411.4 crore in the corresponding quarter last year. The loss was marginally lower than the ₹132.8 crore reported in the preceding quarter.
Revenue from operations rose 34% year-on-year to ₹4,131.6 crore from ₹3,073.7 crore in Q2 FY26. On a sequential basis, revenue increased from ₹3,712.8 crore in the June quarter.
The company also reported growth in key operating metrics. Orders placed on the platform increased 17% year-on-year to 819 million, while net merchandise value (NMV) rose 23% to ₹12,911 crore.
Annual transacting users grew 21% year-on-year to 284 million. First-time buyers increased 16% quarter-on-quarter, while annual transacting sellers rose 60% year-on-year to 1.13 million, the company said.