SoftBank offloads Meesho shares worth Rs 1,885 crore
In short
SoftBank affiliate SVF II Meerkat (DE) LLC sold 7.64 crore Meesho shares in a block deal on the National Stock Exchange. The shares were worth Rs 1,885 crore.
What the reporting says
SoftBank affiliate SVF II Meerkat (DE) LLC offloaded 7.64 crore shares in Bengaluru-based Meesho through a block deal on the National Stock Exchange, worth Rs 1,885 crore. The transaction is the latest in SoftBank’s continued trimming of its India exposure.
Why it matters
SVF II Meerkat (DE) LLC, an affiliate of SoftBank, sold 7.64 crore shares in Bengaluru-based Meesho in a block deal on the National Stock Exchange. The transaction was valued at Rs 1,885 crore, according to the reported block deal data.