Fidelity exits 1.3% of Meesho for Rs 988 crore in NSE bulk deals
Fidelity Investments offloaded 5.98 crore Meesho shares at Rs 165.18-165.21 apiece via open market bulk deals on NSE, raising Rs 988 crore. The exit follows Meesho narrowing its Q4 net loss to Rs 166.34 crore on 47% revenue growth to Rs 3,531.21 crore.
What happened
Fidelity Investments sold a 1.3% stake in Bengaluru-based e-commerce firm Meesho for Rs 988 crore via open market bulk deals on NSE at Rs 165.18-165.21 per
Key facts
- 1.3% stake
- Rs 988 crore
- 5,98,16,300 shares
- Rs 165.18-165.21/share
- Q4 net loss Rs 166.34 cr
- Q4 revenue Rs 3,531.21 cr (+47.13%)
Why this matters
A 1.3% block clearing at Rs 165.18-165.21 establishes a public reference valuation for Meesho, reshaping comp tables for any horizontal e-commerce M&A or secondary transactions in the Indian value-commerce stack.