SoftBank Offloads Meesho Shares Worth ₹1,855 Cr
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Japanese tech investor SoftBank yesterday offloaded 7.6 Cr shares of listed ecommerce giant Meesho in a block deal worth ₹1,885.2 Cr.
As per NSE data, the investment firm, via its affiliate SVF II Meerkat (DE) LLC, offloaded the stake at ₹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 ₹573.1 Cr. Societe Generale also picked up shares worth ₹364.6 Cr, while Morgan Stanley, via two funds, acquired stakes worth ₹244.9 Cr.
Motilal Oswal Mutual Fund also lapped up stakes worth ₹129.5 Cr, while Aditya Birla Sun Life Mutual Fund picked up shares totalling a sum of ₹103.4 Cr.
With the latest block deal, SoftBank has dumped nearly a fourth of its shareholding in the ecommerce giant. The Japanese investment firm held 31.6 Cr shares in Meesho at the end of September 2026, amounting to 6.84% of the company’s total equity, as per NSE data.
Notably, this is not the first time that SoftBank is selling its stake in Meesho in recent months. In September, the Japanese tech investor offloaded 8 Cr shares of the ecommerce major for a sum of ₹1,650.4 Cr.
The block deals come as SoftBank looks to book profits amid an upswing in Meesho’s stock price. Shares of the ecommerce platform have surged 32.8% in the past three months and are up 42.6% on a year-to-date (YTD) basis.
This surge has come on the back of Meesho inching closer to profitability in Q2 FY27 and improving its contribution margins. The ecommerce platform reported a 68% decline in its consolidated net loss to ₹132.5 Cr in the quarter under review as against ₹411.4 Cr in Q2 FY26. Meanwhile, revenue from operations rose 34% YoY and 11% QoQ to ₹4,131.6 Cr in Q2 FY27.
In its September 2026 quarter results, SoftBank also said that Meesho contributed valuation gains worth $121 Mn to the Vision Fund 2’s kitty during the quarter.
Shares of Meesho closed Friday’s trading session 1.18% higher at ₹257.15 apiece on the BSE.
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