Mumbai, Nov. 3 -- Meesho has made an additional investment in Meesho Payments (MPPL), a wholly owned subsidiary of the Company, by way of subscribing, 14,28,571 fully paid-up equity shares of Re. 1/- each through a rights issue.

The investment by the Company is intended to support the overall

business operations and growth of MPPL, enabling it to enhance its

capabilities, scale its operations, and effectively meet its business and

regulatory requirements.

The infusion of funds is expected to facilitate expansion of MPPL's

activities, improve operational efficiency, and support the

development of its offerings in line with the evolving needs of the

business and the market.

The total investment is Rs 399.99 crore comprising of 1,14...