Meesho block deal: SoftBank-backed entity likely to sell 1% stake worth Rs 1,174 crore

SoftBank Group-backed investment vehicle SVF II Meerkat (DE) LLC is likely to divest around 1% stake in e-commerce platform Meesho through a block deal worth Rs 1,174 crore, according to reports.The floor price for the transaction has been set at Rs 246.23 per share, representing a discount of around 3.1% to Meesho's closing price of Rs 254.15 apiece on Thursday.SVF II Meerkat (DE) LLC held…

First reported by The Economic Times 9 hr ago1 source

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The Economic Times15:009 hr ago
Meesho block deal: SoftBank-backed entity likely to sell 1% stake worth Rs 1,174 crore (opens The Economic Times in a new tab)
SoftBank Group-backed investment vehicle SVF II Meerkat (DE) LLC is likely to divest around 1% stake in e-commerce platform Meesho through a block deal worth Rs 1,174 crore, according to reports.The floor price for the transaction has been set at Rs 246.23…

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