Business · Companies · 10 hrs ago
SoftBank sells 1.65% stake in Meesho for ₹1,885 crore
SoftBank sold 1.65% of Meesho for about ₹1,885 crore in a share deal on Friday.
Meesho is an e-commerce company based in Bengaluru, India, and the shares were sold by a SoftBank affiliate.
The affiliate’s holding fell to 5.19% from 6.84% after the sale.
Institutional investors from India and abroad bought shares in the deal, including Societe Generale and Morgan Stanley.
The sale follows another Meesho stake sale by SoftBank in September, when it sold 1.7% for about ₹1,650 crore.
SoftBank has also sold shares in other Indian companies, including Lenskart and Ola Electric, as it reduces some of its investments in the country.
Meesho’s improving financial results and rising share price form part of the backdrop: its net loss narrowed in the September quarter while revenue increased.
No further transaction plans are stated.
SoftBank Group sold a 1.65 per cent stake in Meesho for ₹1,885.17 crore.
Its affiliate SVF II Meerkat (DE) LLC sold 7.64 crore shares at an average price of ₹246.75 each.
The affiliate’s holding in Meesho fell to 5.19 per cent from 6.84 per cent.
Societe Generale was the largest buyer, purchasing more than 1.47 crore shares.
The sale is part of SoftBank’s broader reduction of investments in Indian companies, particularly in e-commerce and consumer technology.
- Who
- SoftBank Group, through its affiliate SVF II Meerkat (DE) LLC.
- What
- It sold a 1.65 per cent stake in Meesho for ₹1,885.17 crore.
- When
- Friday. The articles were published on November 14, 2026.
- Where
- Meesho is based in Bengaluru; the block deal was reported on the National Stock Exchange.
- Why
- SoftBank is further trimming its investments in India, particularly in e-commerce and consumer technology.
This story does not have two clearly opposing sides.
SoftBank sold a 3.25 per cent stake in Lenskart for ₹2,873 crore.
SoftBank sold nearly a 2.6 per cent stake in Lenskart for ₹2,888 crore.
SoftBank sold a 1.7 per cent stake in Meesho for ₹1,650 crore.
SoftBank sold a 1.56 per cent stake in Lenskart for ₹1,896 crore.
SoftBank’s affiliate sold a 1.65 per cent stake in Meesho for ₹1,885.17 crore.
- Stake sold
- 1.65 per cent
- Deal value
- ₹1,885.17 crore
- Shares sold
- 7.64 crore
- Average sale price
- ₹246.75 per share
- Affiliate holding after sale
- 5.19 per cent, down from 6.84 per cent
- Largest buyer
- Societe Generale, which bought more than 1.47 crore shares for ₹364.65 crore