Meesho shares under pressure after 1% block deal worth ₹945 crore
As of 11.36 AM, Meesho was trading at ₹202.28 on the NSE, down 1.66 per cent from its previous close of ₹205.69. The stock opened at ₹207.24, touched an intraday high of ₹212.65 and a low of ₹201.56.
Meesho's stock price faced pressure on Monday morning following a noteworthy block deal worth ₹945 crore. Trading at ₹202.28 in the NSE at 11:36 AM, Meesho's shares decreased by 1.66% from their prior close of ₹205.69. The stock opened at ₹207.24, peaking at ₹212.65 and dipping to ₹201.56 during the day. With a traded volume of 109.38 lakh shares worth ₹224.90 crore, the buying activity was outmatched by selling orders, accounting for approximately 66% of the order book quantity.
In the block deal session alone, 4.72 crore shares, representing 1% of the company's equity, were exchanged at ₹200.01 per share. Although the buyers and sellers remain anonymous, market speculation suggests that Y Combinator, the US-based accelerator, might be the seller. It is reported that Y Combinator aimed to unload up to 1.05% of its stake, valued at ₹957.5 crore, with a minimum purchase price of ₹197.5 per share.
Furthermore, sources disclosed a 30-day lock-in period for any further stake sales by Y Combinator. Notwithstanding Monday's decline, Meesho's shares have experienced a 9.25% increase over the past month and an 11.46% rise year-to-date, outpacing the Nifty 500 substantially. The company, listed on December 10, 2025, reached a 52-week peak of ₹254.40 in December before falling to a March 2026 low of ₹125.56. Meesho's market capitalization currently stands at ₹93,502 crore.
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