Fidelity dumps ₹988 Cr Meesho stake one day after lock-in expiry

Fidelity offloaded 5.98 Cr Meesho shares at ₹165.18 via bulk deal, part of ₹1,540 Cr in block trades triggered by 68% pre-IPO lock-in expiry. Exit lands despite Q4 FY26 revenue up 47% to ₹3,531 Cr and Jefferies' Buy call with ₹225 target.

— Source publishedWed, 10 Jun, 2026, 21:05 IST·First seen Wed, 10 Jun, 2026, 21:06 IST·Source Inc42 · Buzz

What happened

Fidelity sold ₹988 Cr of Meesho shares via bulk deal a day after pre-IPO lock-in expiry covering 68% of equity. Sale follows Meesho's strongest post-listing

Key facts

  • ₹988.44 Cr
  • 5.98 Cr shares
  • ₹165.18
  • ₹1,540 Cr block deals
  • 68% lock-in
  • Q4 FY26 revenue ₹3,531.2 Cr (+47%)
  • FY26 loss ₹1,357.7 Cr (-66%)
  • FY26 revenue ₹12,626 Cr (+35%)
  • ₹100 Cr MPPL rights issue
  • Jefferies TP ₹225

Why this matters

Meesho's post-lock-in float expansion and depressed entry levels create a tactical window to evaluate strategic stakes or partnership leverage while sentiment is soft.

Also reported by