RPS Ventures sells 0.9% Meesho stake for Rs 900 crore in block deal
RPS Ventures sold 38.6 million shares at Rs233 each as Meesho posted 34% year-on-year June-quarter NMV growth to Rs11,614 crore and narrowed its loss to Rs133 crore. UBS raised its target price to Rs260, citing stronger monetisation and improving logistics margins.
What happened
RPS Ventures sold a 0.9% Meesho stake for Rs 899.7 crore via block deals. The marketplace also reported a narrower June-quarter loss and 34% NMV growth, while
Key facts
- RPS Ventures sold 38.6 million Meesho shares
- Stake sold: 0.9%
- Deal value: Rs 899.7 crore
- Sale price: Rs 233 per share
- June-quarter NMV: Rs 11,614 crore, up 34% year-on-year
What changed
RPS Ventures sold a 0.9% Meesho stake for Rs 899.7 crore via block deals. The marketplace also reported a narrower June-quarter loss and 34% NMV growth, while UBS raised its target citing growth, monetisation and improving logistics margins.
Why this matters
RPS Ventures’ Rs900 crore block sale adds near-term supply but Meesho’s accelerating growth, improving profitability and UBS’s Rs260 target support a constructive fundamental outlook.
What to watch
- Post-block-deal trading volume and whether the share price holds near or above the Rs233 placement price.
- September-quarter NMV growth remaining above 30% year on year.
- Further reduction in quarterly net loss from Rs133 crore and evidence of positive contribution margin after customer-acquisition costs.
- Logistics-margin improvement despite expansion into lower-density geographies.
- New institutional stake disclosures, additional block deals or changes in promoter/early-investor holdings.