Fidelity exits 1.3% of Meesho for Rs 988 crore in open market block deal

Fidelity Investments offloaded 5.98 crore Meesho shares at Rs 165.18-165.21 apiece via NSE bulk deals, raising Rs 988 crore. The trim follows Meesho's Q4 print where net loss narrowed 88% and revenue jumped 47% to Rs 3,531 crore.

— Source publishedWed, 10 Jun, 2026, 20:30 IST·First seen Wed, 10 Jun, 2026, 20:44 IST·Source NDTV Profit

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. Meesho recently reported Q4

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 crore
  • Q4 revenue Rs 3,531.21 crore (+47%)

Why this matters

Secondary liquidity at ~Rs 165/share sets a fresh public-market reference price for Meesho ahead of its IPO, useful for benchmarking comparable e-commerce stake transactions.