Company updateBusinessLine
Softbank further trims India exposure, offloads Meesho shares worth Rs 1,885 cr
Negative-1910 sources
GreyOak summary
SoftBank Group sold a 1.65% stake in Meesho for 1,885 crore rupees via a block deal on the NSE. The transaction reduced SoftBank's holding to 5.19%, with Societe Generale as the largest buyer. Meesho shares rose 1.53% following the sale, continuing SoftBank's portfolio monetization in India.
What it affects
- MeeshoMEESHONegative -19
Shares rose 1.53% after stake sale.Rolling sentiment Positive +24
Source
Read the original at BusinessLineMore Meesho news
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