Meesho block deal may see SVF II Meerkat sell 1% stake
In short
SVF II Meerkat is likely to sell 1% of Meesho’s equity in a block deal worth ₹1,174 crore. The floor price is ₹246.23 per share, which is up to 3.1% below the market price.
The sale could put pressure on Meesho’s stock in the near term because a large stake is being offered at a discount.
What the reporting says
SVF II Meerkat is likely to sell 1% of Meesho’s total equity through a block deal worth ₹1,174 crore. The floor price is set at ₹246.23 per share, which is said to be a discount of up to 3.1% to the current market price. The move points to a large share sale in the market.
Why it matters
The reported block deal involves SVF II Meerkat selling about 1% of Meesho’s equity for ₹1,174 crore at a floor price of ₹246.23 per share. The discount to the current market price suggests the seller is offering shares below prevailing levels, which can influence trading sentiment around Meesho.