Y Combinator-linked entities sell 1.05% Meesho stake for nearly ₹970 crore
Y Combinator-linked entities sold 4.85 crore Meesho shares in NSE block deals at ₹200.01 apiece. Nippon India Mutual Fund and HDFC Standard Life Insurance were among the institutional buyers.
What happened
Y Combinator-linked entities sold a 1.05% Meesho stake via NSE block deals worth nearly Rs 970 crore. Domestic and global institutions, led by Nippon India
Key facts
- Y Combinator-linked entities sold 4.85 crore Meesho shares
- Transaction value: nearly Rs 970 crore
- Stake sold: around 1.05% of Meesho equity
- Block deal price: Rs 200.01 per share
- Block price was 2.47% below NSE close of Rs 205.07
- Nippon India Mutual Fund bought 1,00,00,002 shares
- HDFC Standard Life Insurance bought 75,00,003 shares
Why this matters
The transaction broadens Meesho’s institutional shareholder base and provides a useful public-market valuation benchmark for future fundraising, acquisitions, or strategic liquidity events.