Meesho sees ₹1,949 crore block deal as 10.48 crore shares change hands
A block transaction in Meesho saw 10.48 crore shares trade at ₹186 each, valuing the deal at ₹1,949.28 crore. Elevation Capital and Peak XV entities had proposed selling up to 2.3% of the marketplace operator’s outstanding shares.
What happened
Meesho saw a Rs 1,949.28 crore block deal as 10.48 crore shares traded at Rs 186 each. Elevation Capital and Peak XV entities had proposed selling up to 2.3% of
Key facts
- 10.48 crore Meesho shares changed hands
- Rs 186 per share transaction price
- Rs 1,949.28 crore block-deal value
- Term-sheet floor price: Rs 182.08 per share
- Base offer: up to 10.5 crore shares, or 2.3% of outstanding shares
- Elevation Capital held 12.04% as of June 30
- Peak XV Partners Investment V held 10.06%
- Peak XV Partners Growth Investments IV held 1.39%
- MOFSL forecasts 25% marketplace NMV CAGR in FY26-FY31
- MOFSL FY31 adjusted EBITDA forecast: Rs 4,800 crore
Why this matters
Elevation Capital and Peak XV’s proposed sale of up to 2.3% creates a cleaner secondary ownership transition without changing Meesho’s strategic operating trajectory.