Meesho sees Rs 899-crore block deal as global institutions buy stake

RPS WOS II LLC sold about 3.86 crore Meesho shares at Rs 233 each in a Rs 899-crore block deal. The Government of Singapore, Mirae Asset Mutual Fund, Goldman Sachs and Morgan Stanley were among the institutional buyers.

— Source publishedWed, 23 Sept, 2026, 20:56 IST·First seen Wed, 23 Sept, 2026, 21:32 IST·Source NDTV Profit

What happened

Meesho saw an Rs 899-crore block deal as RPS WOS II LLC sold 3.86 crore shares at Rs 233 each. Singapore’s government, Mirae Asset, Goldman Sachs and Morgan

Key facts

  • RPS WOS II LLC sold approximately 3.86 crore Meesho shares
  • Transaction value: approximately Rs 899 crore
  • Sale price: Rs 233 per share
  • Government of Singapore bought 1.32 crore shares worth approximately Rs 307.53 crore
  • Mirae Asset Mutual Fund bought 77.21 lakh shares worth approximately Rs 179.91 crore
  • RPS WOS II LLC held 1.18% as of June 2026
  • Promoters held 16.41%; public shareholders held 83.59% as of June 30
  • Foreign companies represented 63.80% of public-shareholder equity
  • Earlier September 3 block sale: approximately Rs 1,650 crore at Rs 206.30 per share
  • Meesho closed at Rs 236.37, down 1.59%; down 11.13% weekly and 15.22% monthly; up 30.52% YTD

Why this matters

Broad participation from Singapore’s government fund, Mirae, Goldman Sachs and Morgan Stanley reinforces Meesho’s strategic credibility and could improve its flexibility for future partnerships, fundraising or transaction activity.

What to watch

  • Pricing and size of any subsequent secondary block deals relative to Rs 233 per share.
  • Changes in Meesho's reported revenue growth, adjusted EBITDA or cash-flow trajectory.
  • New disclosures on active users, order frequency, seller retention, logistics costs and advertising revenue.
  • Evidence of IPO preparation, including banker appointments, corporate restructuring, governance additions or filing activity.
  • Whether institutional buyers add to positions versus short-term turnover after the placement.
  • Meesho may highlight operating metrics, profitability progress and governance readiness to capitalize on increased institutional interest.
  • Additional early investors or funds may pursue secondary share sales, potentially through structured block transactions.
  • Management may accelerate preparations for a future listing or other liquidity event, including financial-reporting and board-governance upgrades.
  • Institutional buyers may increase exposure selectively if subsequent transaction pricing holds and operating performance remains on track.