India, June 10 -- Ecommerce major Meesho's early backer Fidelity has offloaded its shares worth Rs.988.44 Cr from its two holding entities via a bulk deal today.

According to bulk deal data on NSE, Fidelity's two entities - FID FDI 2117 LLC and FID FDI 312 LLC - sold 5.98 Cr shares today. While FID FDI 2117 LLC sold 2.59 Cr shares at Rs.165.18 per share, FID FDI 312 LLC offloaded 3.39 Cr shares at Rs.165.21 apiece.

Fidelity first invested in Meesho in 2021, leading its $570 Mn Series F funding round, Via its holding entity, FID FDI 312 LLC, it held 5.16 Cr Meesho shares at the end of the March quarter. The holding of the other entity has been less than 1% over the past two quarters.

The identities of the buyers could not be immediately...