SoftBank-backed investment vehicle SVF II Meerkat (DE) LLC plans to divest a 1% stake in e-commerce platform Meesho through a block deal worth Rs 1,174 crore, with a floor price set at Rs 246.23 per share, according to Economic Times.
Here is the math on the transaction: the floor price represents a 3.1% discount to Meesho‘s closing price of Rs 254.15 apiece on Thursday.
SVF II Meerkat held 31,63,60,762 shares, which represented a 6.84% stake in Meesho at the end of the September quarter of FY27, exchange data shows. Post-deal, the entity’s equity interest is projected to drop to about 5.8%, provided no intervening trades occur.
The planned share sale comes on the heels of another corporate update from November 7, when Meesho finalized the initial and secondary phases of acquiring a 92.74% share in Singapore-headquartered Kirana Club Pte. Ltd. and its Indian step-down subsidiary, Retail Pulse Labs Private Limited (RPLPL). That acquisition was completed for an aggregate consideration of Rs 186.71 crore, bringing Kirana Club under its corporate umbrella as a subsidiary.
| Financial Metric | Q2FY26 (Rs crore) | Q2FY27 (Rs crore) | YoY Change |
|---|---|---|---|
| Revenue from Operations | 3,073.67 | 4,131.58 | +34.4% |
| Consolidated Net Loss | 411.36 | 132.45 | -67.8% |
| Total Expenses | 3,540.44 | 4,382.27 | +23.8% |
During the September quarter of FY27, Meesho saw its consolidated net loss shrink by 67.8% year on year to Rs 132.45 crore, down from Rs 411.36 crore in the same period of the prior financial year. Revenue from operations increased 34.4% year-on-year to Rs 4,131.58 crore from Rs 3,073.67 crore in Q2FY26. Expenditures over the same timeframe grew 23.8% to reach Rs 4,382.27 crore, compared to Rs 3,540.44 crore during the corresponding quarter last year.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
