SoftBank Offloads Meesho Shares Worth Rs.1,855 Cr
India, Nov. 14 -- Japanese tech investor SoftBank yesterday offloaded 7.6 Cr shares of listed ecommerce giant Meesho in a block deal worth Rs.1,885.2 Cr.
As per NSE data, the investment firm, via its affiliate SVF II Meerkat (DE) LLC, offloaded the stake at Rs.246.75 per share to rake in the amount. The shares were sold at a discount of 4% to the stock's closing price on Friday.
The shares that flooded the market were lapped up by Societe Generale, Morgan Stanley, Aditya Birla Sun Life Mutual Fund, Motilal Oswal Mutual Fund, Goldman Sachs, among others.
Fidelity, through multiple affiliates and funds, picked up the biggest chunk of the shares for Rs.573.1 Cr. Societe Generale also picked up shares worth Rs.364.6 Cr, while Morgan Stanle...
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