Company updateNDTV Profit
SoftBank to sell Meesho shares worth Rs 1,175 crore
Negative-20
GreyOak summary
SoftBank's investment vehicle, SVF II Meerkat, plans to sell up to 4.78 crore Meesho shares via a block deal. The transaction, valued at up to Rs 1,175 crore, is priced at Rs 246.23 per share, reflecting a 3.1% discount. The seller held a 6.8% stake before the sale and faces a 30-day lock-up period post-transaction.
What it affects
- MeeshoMEESHONegative -20
Shares sold via block deal at discount.Rolling sentiment Positive +49
Source
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