Meesho buys 92.74% of Kirana Club and Retail Pulse Labs for ₹186.71 crore
In short
Meesho Limited has completed buying a 92.74% stake in Kirana Club Pte. Ltd. and Retail Pulse Labs Private Limited for ₹186.71 crore. The two companies will now become subsidiaries.
What the reporting says
Meesho Limited completed the acquisition of a 92.74% stake in Kirana Club Pte. The companies will become subsidiaries as Meesho strengthens its B2B retail ecosystem. No further terms of the deal are provided in the snippet.
Why it matters
Meesho Limited completed the purchase of a 92.74% stake in Kirana Club Pte. The deal is intended to support Meesho’s B2B retail ecosystem.