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India Today

Meesho shares in focus after Rs 1,949 crore block deal swaps 10.48 crore shares

AI Market Summary
Meesho saw a Rs 1,949 crore block deal involving ~2.27% of outstanding shares, following reports that Peak XV Partners and Elevation Capital may reduce holdings. The trade cleared at a discount to prior close, suggesting near-term supply overhang, but the stock held up as recent results showed narrowing losses and strong revenue growth. Impact is primarily idiosyncratic with limited broader market read-through.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.01%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Meesho saw a block deal worth about Rs 1,949 crore, with 10.48 crore shares—around 2.27% of its outstanding equity—changing hands. The trade came the day after the company reported June-quarter earnings and after CNBCTV18, citing sources, said Peak XV Partners and Elevation Capital were exploring the sale of a combined 2.3% stake via block deals. Buyers and sellers were not disclosed, while the stock rose 0.96% to Rs 193.40.
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