{
  "id": 2960680,
  "title": "Meesho shares under pressure after 1% block deal worth ₹945 crore",
  "url": "https://urgent.news/2026/08/24/meesho-shares-under-pressure-after-1-block-deal-worth-945-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T06:20:21.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/meesho-shares-under-pressure-after-1-block-deal-worth-945-crore/article71383423.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [
    "Meesho's stock price dropped 1.66% after ₹945 crore block deal",
    "Trading volume of 109.38 lakh shares exceeded selling orders by 66%",
    "Y Combinator speculated to be the seller in the block deal"
  ],
  "editors_take": "The block deal puts downward pressure on Meesho's shares, suggesting that a major investor, possibly Y Combinator, is reducing its stake, which could signal a loss of confidence in the company's near-term prospects.",
  "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."
}