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Meesho block deal sells 1.7% stake worth Rs 1,650.4 crore

A 1.7% stake in Meesho Ltd worth Rs 1,650.4 crore changed hands via a block deal. Up to 8 crore shares were sold at Rs 206.3, versus a prior close of Rs 211.6.

MEESHO

A 1.7 percent stake in Meesho Ltd worth Rs 1,650.4 crore changed hands through a block deal on Thursday, with SoftBank likely to be the seller.

As many as 8 crore shares of Meesho were sold at Rs 206.3 apiece, representing a 2.5 percent discount to the stock’s previous closing price of Rs 211.6.Ear…