SoftBank Sells About 1.65% of Meesho for About Rs 1,885 Crore
SoftBank affiliate SVF II Meerkat (DE) LLC sold about 7.64 crore Meesho shares at Rs 246.75 each in an NSE block deal on 13 November 2026.
Key Takeaways
- SVF II Meerkat (DE) LLC sold about 7.64 crore Meesho shares, about 1.65%, on 13 November 2026.
- The shares were sold at Rs 246.75 each, a deal worth about Rs 1,885 crore.
- Fidelity funds bought about 2.32 crore shares and Societe Generale about 1.48 crore.
- SoftBank's affiliate held 6.84% of Meesho at the end of September 2026.
- In September 2026, 8 crore Meesho shares were sold for about Rs 1,650 crore.
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SoftBank's investment arm SVF II Meerkat (DE) LLC sold about 7.64 crore shares of Meesho in a block deal on the NSE on Friday, 13 November 2026. The shares made up about 1.65% of the e-commerce company's equity.
The shares were sold at Rs 246.75 each, so the deal was worth about Rs 1,885 crore. Exchange data shows the shares went to a group of Indian and foreign institutional investors, with Fidelity funds and Societe Generale taking the largest blocks.
SoftBank's Meesho block deal at a glance
| Detail | Value |
|---|---|
| Seller | SVF II Meerkat (DE) LLC, a SoftBank affiliate |
| Company | Meesho |
| Shares sold | About 7.64 crore |
| Stake sold | About 1.65% |
| Price per share | Rs 246.75 |
| Deal value | About Rs 1,885 crore |
| Date | Friday, 13 November 2026 |
| Exchange | NSE, block deal |
Fidelity and Societe Generale bought the biggest Meesho blocks
Several Fidelity funds together bought about 2.32 crore Meesho shares in the deal. Societe Generale bought about 1.48 crore shares worth about Rs 365 crore. Morgan Stanley Asia Singapore was also among the buyers.
Buyers also included Aditya Birla Sun Life Mutual Fund, Goldman Sachs Bank Europe, HDFC Mutual Fund, BNP Paribas, the Government of Singapore and Norges Bank on account of the Government Pension Fund Global.
| Buyer | Meesho shares bought |
|---|---|
| Fidelity funds | About 2.32 crore |
| Societe Generale | About 1.48 crore (about Rs 365 crore) |
Meesho's second SoftBank block deal since September
This is the second block deal in which SoftBank's affiliate has sold Meesho shares since September 2026. In September 2026, 8 crore Meesho shares were sold at Rs 206.3 each, a deal worth about Rs 1,650 crore. SVF II Meerkat (DE) LLC held 8.60% of Meesho at the end of the June 2026 quarter and 6.84% at the end of September 2026.
Going by the 6.84% it held at the end of September, the 1.65% sold on Friday works out to about a quarter of that holding. Meesho runs an e-commerce marketplace and is listed on the stock exchanges.
| When | What happened |
|---|---|
| End of June 2026 quarter | SVF II Meerkat (DE) LLC held 8.60% of Meesho |
| 3 September 2026 | 8 crore Meesho shares sold at Rs 206.3 each in a block deal worth about Rs 1,650 crore |
| End of September 2026 | SVF II Meerkat (DE) LLC held 6.84% of Meesho |
| 13 November 2026 | About 7.64 crore shares (about 1.65%) sold at Rs 246.75 each, about Rs 1,885 crore |
Meesho after two SoftBank block deals
Across the two block deals, about 15.64 crore Meesho shares have been sold for a combined value of about Rs 3,535 crore. Meesho reported revenue from operations of about Rs 4,132 crore and a net loss of about Rs 132 crore for the July to September 2026 quarter.
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