SoftBank Sells 1.65% of Meesho for Rs 1,885 Crore in Block Deal

SoftBank has sold a 1.65% stake in Meesho for approximately Rs 1,885 crore through a block deal executed on Friday, according to stock exchange data.

The Japanese investment giant's entity, SVF II Meerkat (DE) LLC, offloaded 7.64 crore equity shares at Rs 246.75 per share. The transaction was valued at roughly Rs 1,885.17 crore. The sale price came in below Meesho's closing level on the National Stock Exchange, where the stock finished Friday's session at Rs 257.07.

Who bought the shares?

A mix of domestic and foreign institutional investors absorbed the entire block. Fidelity emerged as the largest buyer, acquiring 1.88 crore shares. Societe Generale followed with 1.47 crore shares, and Morgan Stanley Asia Singapore ranked third among the purchasers.

The buyer list ran deep beyond the top three:

• Goldman Sachs Bank Europe
• Government of Singapore
• HDFC Mutual Fund
• Monetary Authority of Singapore
• Motilal Oswal Mutual Fund
• Norges Bank, on account of the Government Pension Fund Global
• Bajaj Allianz Life Insurance
• Texas Municipal Retirement System
• William Blair Emerging Markets ex China Growth Collective Investment Fund
• Aditya Birla Sun Life Mutual Fund
• FGTFEBP FIAM Select Emerging Markets Equity Commingled Pool
• BNP Paribas

That roster spans sovereign wealth funds, pension money and Indian mutual funds — a broad institutional vote of confidence in the Bengaluru-based e-commerce platform. In short, some of the world's most conservative asset managers replaced one exit-minded early backer.

How much does SoftBank have left?

SoftBank held a 6.84% stake in Meesho as of September 2026. Friday's transaction cuts that holding to an estimated 5.19%, per the exchange filings.

This is the second partial exit in two months. In September 2026, SoftBank divested a 1.73% stake worth Rs 1,650 crore through a similar block deal. Combined, the two transactions have pulled in roughly Rs 3,535 crore while leaving SoftBank with a still-meaningful position.

The pattern is clear: staged selling into institutional demand rather than a single rush for the door.

Why institutions keep showing up

Meesho's numbers explain the appetite. The company reported operating revenue of Rs 4,132 crore in Q2 FY27, up 38% year-on-year. Its net loss narrowed 68% to Rs 132 crore, down from Rs 411 crore in the same quarter last year.

At Friday's close, Meesho carried a total market capitalization of Rs 1,19,049 crore — roughly $12.5 billion. That makes it one of India's most valuable listed internet companies, and the block deal's clean absorption suggests public-market depth for the stock is growing.

Revenue compounding at 38% while losses shrink by two-thirds is the profile institutional buyers pay for. Meesho's mix of growth and improving profitability gave Fidelity, Societe Generale and the rest a straightforward case to add shares.

What happens next?

Watch SoftBank's remaining 5.19%. If the September and October sales mark the start of a steady wind-down rather than opportunistic trimming, Meesho can expect more block deals — and more chances for long-term funds to build positions at a discount to the market price. For a company closing in on profitability, that supply looks easier to digest with every quarter of shrinking losses.