Japanese technology investor SoftBank has offloaded 7.6 crore shares of ecommerce company Meesho in a block deal valued at ₹1,885.2 crore. The shares were sold through the firm’s affiliate, SVF II Meerkat (DE) LLC, at a price of ₹246.75 per share, representing a 4% discount to the stock’s closing price on Friday. This transaction represents approximately one-fourth of SoftBank’s total shareholding in the company.
September 2026
SoftBank held 31.6 crore shares in Meesho, amounting to 6.84% of the company’s total equity, according to National Stock Exchange data. During this month, the investor also offloaded 8 crore shares of the ecommerce major for ₹1,650.4 crore. The company reported that Meesho contributed $121 million in valuation gains to its Vision Fund 2 during this period.
Recent Trading Sessions
Shares of the ecommerce platform have experienced significant growth, rising 32.8% over the past three months and 42.6% year-to-date. This appreciation follows Meesho’s improved financial performance in the second quarter of the 2027 fiscal year, where consolidated net losses declined 68% to ₹132.5 crore, compared to ₹411.4 crore in the same period the previous year. Revenue from operations increased 34% year-on-year to ₹4,131.6 crore.
The Current Block Deal
Multiple institutional investors acquired the shares sold by SoftBank. Fidelity purchased the largest portion for ₹573.1 crore. Other buyers included Societe Generale, which acquired shares worth ₹364.6 crore, and Morgan Stanley, which purchased stakes totaling ₹244.9 crore. Motilal Oswal Mutual Fund and Aditya Birla Sun Life Mutual Fund also participated, acquiring shares worth ₹129.5 crore and ₹103.4 crore, respectively.
Current Status
SoftBank continues to reduce its position in Meesho as the ecommerce platform demonstrates improved contribution margins and moves toward profitability. The investor’s recent activity aligns with its strategy to book profits following the company’s recent stock price appreciation.