{
  "id": 5370133,
  "title": "SoftBank Offloads Meesho Stake Worth ₹1,650 Cr",
  "url": "https://urgent.news/2026/09/03/softbank-offloads-meesho-stake-worth-1-650-cr",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-03T16:29:03.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/softbank-offloads-meesho-stake-worth-%e2%82%b91650-cr/"
  },
  "original_language": "en",
  "account": "Global tech investor SoftBank has divested its 8 Cr equity stake in ecommerce platform Meesho, valued at ₹1,650.40 Cr, as per NSE data. The investment entity SVF II Meerkat DE sold the shares in two tranches at a weighted average price of ₹206.30 per share, 1.6% below the stock's closing price. Franklin Templeton, Societe Generale, and Fidelity were the primary buyers of the shares, purchasing 96.7 Lakh, 80 Lakh, and 66.7 Lakh shares respectively through nine entities. Additional entities like Manulife and several sovereign wealth funds also acquired some of the shares. SoftBank owned 39.6 Cr shares, equivalent to 8.6% of Meesho's total equity, as of the end of the June quarter. The firm has recently been selling off Indian new-age tech stocks, with a notable recent sale of 4.50 Cr shares of Lenskart for ₹2,887.9 Cr. SoftBank has reduced its stake in Meesho from 39.6 Cr in June 2024 to 7.61% in June 2025, while Meesho reported a 54.1% YoY decrease in net loss and a 48% YoY increase in operating revenue in Q1 FY27, indicating positive growth.",
  "summary": "After paring stake in Lenskart, global tech investor SoftBank offloaded 8 Cr equity shares in ecommerce platform Meesho, representing a…",
  "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."
}