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Y Combinator exits 1.05% Meesho stake in ₹970 crore block deal

Y Combinator sold a 1.05% stake in Bengaluru-based marketplace Meesho for Rs 969.63 crore through NSE block deals. Domestic mutual funds, insurers and global institutions bought shares, amid recent additional stake sales by Elevation Capital and Peak XV.

Newer report on another story , , Inc42 : RPS Ventures Sells ₹900 Cr Meesho Stake, Cutting Holding by Over 71%

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Reported figures

From the report. Source details below

Y Combinator sold 4,84,79,341 Meesho shares
Average sale price: Rs 200.01 per share
Meesho closing price: Rs 205.19 per share
Elevation Capital and Peak XV previously sold 2.3% for Rs 1,949 crore
Y Combinator sold 1.2% of Groww for Rs 1,435 crore on August 18

The source

Source Read the source at The Hindu BusinessLine

Published

Also reported by Entrackr, Inc42, ET Retail

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