{
  "id": 19879961,
  "title": "SoftBank Offloads Meesho Shares Worth ₹1,855 Cr",
  "url": "https://urgent.news/2026/11/13/softbank-offloads-meesho-shares-worth-1-855-cr",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-13T22:09:36.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/softbank-offloads-meesho-shares-worth-%e2%82%b91855-cr/"
  },
  "original_language": "en",
  "account": "Japanese tech investor SoftBank offloaded 7.6 crore shares of ecommerce giant Meesho in a block deal worth ₹1,885.2 crore. The sale was made via its affiliate SVF II Meerkat (DE) LLC, and the shares were sold at ₹246.75 per share, a 4% discount to the stock's Friday closing price. The shares were snapped up by major players including Societe Generale, Morgan Stanley, Aditya Birla Sun Life Mutual Fund, Motilal Oswal Mutual Fund, and Goldman Sachs. Fidelity purchased the largest chunk of shares for ₹573.1 crore, while Societe Generale acquired shares worth ₹364.6 crore, and Morgan Stanley acquired stakes worth ₹244.9 crore through two funds. Motilal Oswal Mutual Fund bought shares totaling ₹129.5 crore, and Aditya Birla Sun Life Mutual Fund acquired stakes worth ₹103.4 crore. With this latest block deal, SoftBank has offloaded nearly a quarter of its stake in Meesho, which held 31.6 crore shares at the end of September 2026, representing 6.84% of the company's total equity. This is not the first time SoftBank is selling its stake in Meesho recently; in September, the Japanese investment firm offloaded 8 crore shares for ₹1,650.4 crore. The surge in Meesho's stock price is attributed to the ecommerce platform inching closer to profitability in Q2 FY27 and improving contribution margins. Meesho's shares surged 32.8% in the past three months and 42.6% year-to-date, driven by Meesho's improved financial performance.",
  "summary": "Japanese tech investor SoftBank yesterday offloaded 7.6 Cr shares of listed ecommerce giant Meesho in a block deal worth ₹1,885.2…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}