Meesho Erases Early Gains After ₹1,650 Crore Block Deal

Meesho rose 3% intraday before closing marginally lower as SoftBank-backed SVF II Meerkat sold a 1.73% stake via block deals. Meesho Ltd. (NSE:

) witnessed a volatile trading session on September 4, 2026, rising as much as 3% in early trade before paring gains and closing 0.35% lower at ₹209. During the session, the stock touched its highest level since May 6, 2026, before witnessing profit booking in the latter half of the day. The price action coincided with a significant block deal involving SoftBank Group-backed SVF II Meerkat (DE) LLC. The investor sold 8 crore equity shares, representing a 1.73% stake in Meesho, for approximately ₹1,650.4 crore at ₹206.30 per share. As of June 2026, SVF II Meerkat held an 8.6% stake, equivalent to 39.63 crore shares, in the company. The shares sold through the block deal were absorbed by a diversified group of domestic and global institutional investors, including Morgan Stanley, Fidelity Investments, Goldman Sachs, Franklin Templeton Mutual Fund, HDFC Standard Life Insurance, HSBC Mutual Fund, Canara Robeco Mutual Fund, Bajaj Life Insurance and Motilal Oswal AMC. Despite Friday's decline, Meesho shares remain up nearly 16% in CY2026, reflecting continued investor interest. However, the stock is still trading below its 52-week high of ₹254, leaving market participants focused on whether the company can sustain its growth momentum following the latest ownership reshuffle. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.