Meesho shares dipped 2% to ₹235.35 after a ₹900 cr block transaction that lifted 3.86 cr shares—about 0.84% of the company’s equity—to ₹233 each—
The block deal follows an earlier sale by SVF II Meerkat LLC that moved ₹1,650 cr of shares at ₹206.30 apiece, underscoring a trend of large‑scale institutional outflows and raising questions about the long‑term ownership structure—
Promoter holdings sit at 16.41%, while public shareholders, of whom 63.80% are foreign entities, hold 83.59%. The sale cuts the already thin public float and could impact liquidity and valuation benchmarks—
After UBS lifted its price target, Meesho surged to ₹254, but the block sale has cooled the rally. The stock now trades 2% lower, reflecting a short‑term reprieve from the optimism that fueled its post‑listing ascent—
Analysts will watch for additional institutional sales and the upcoming Q3 earnings to gauge whether the block deal signals a shift in ownership dynamics or a temporary correction. The company’s guidance on future revenue growth remains a key focus for investors—