SoftBank Offloads Meesho Stake Worth Rs.1,650 Cr
India, Sept. 3 -- After paring stake in Lenskart, global tech investor SoftBank offloaded 8 Cr equity shares in ecommerce platform Meesho, representing a 1.7% stake, in the company for Rs.1,650.40 Cr, as per NSE data today.
SoftBank's investment entity, SVF II Meerkat DE, dumped the shares in two tranches at a weighted average price of Rs.206.30 per share. This represents a 1.6% discount to the stock's closing price.
Picking up 96.7 Lakh shares through two different entities, Franklin Templeton was the biggest buyer, followed by Societe Generale who bought 80 Lakh shares. Global financial services giant Fidelity acquired 66.7 Lakh shares through nine different entities, while four entities associated with Manulife picked up a combined 5...
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