{
  "id": 19913449,
  "title": "Softbank further trims India exposure, offloads Meesho shares worth Rs 1,885 crore",
  "url": "https://urgent.news/2026/11/14/softbank-further-trims-india-exposure-offloads-meesho-shares-worth-rs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-14T03:10:17.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/technology/softbank-further-trims-india-exposure-offloads-meesho-shares-worth-rs-1885-crore/articleshow/135821247.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "SVF II Meerkat (DE) LLC, an affiliate of SoftBank, offloaded 7.64 crore shares in the Bengaluru-based company Meesho. According to Economic Times Tech, the block deal was executed on Friday via the National Stock Exchange at an average price of Rs 246.75 per share, totaling Rs 1,885.17 crore.\n\nSeparately, Paytm's payments services unit received preliminary central bank approval to issue prepaid payment products, such as digital wallets, The Hindu reports. The company stated in a filing that the unit can offer these instruments once it receives final authorization from the RBI. Following this news, Paytm shares reached a record high of 1,960 rupees.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Hindu",
        "title": "India's Paytm gets preliminary RBI nod for wallet licence; shares hit record high",
        "url": "https://urgent.news/2026/11/13/indias-paytm-gets-preliminary-rbi-nod-for-wallet-licence-shares-hit",
        "published": "2026-11-13T11:06:08.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "India's Paytm gets preliminary RBI nod for wallet licence; shares hit record high",
        "url": "https://urgent.news/2026/11/13/indias-paytm-gets-preliminary-rbi-nod-for-wallet-licence-shares-hit-19801032",
        "published": "2026-11-13T11:22:28.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Paytm gets tentative approval to revive its digital wallet, which effectively died after India's central bank canceled Paytm Payments Bank's license in April (Sankalp Phartiyal/Bloomberg)",
        "url": "https://urgent.news/2026/11/13/paytm-gets-tentative-approval-to-revive-its-digital-wallet-which",
        "published": "2026-11-13T16:25:03.000Z"
      }
    ]
  },
  "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."
}