Meesho shares in focus as Rs 1,949 crore block deal changes hands

Shares of e-commerce platform Meesho were in focus on Tuesday after a block deal worth about Rs 1,949 crore was executed, with 10.48 crore shares, or around 2.27% of the company's outstanding equity, changing hands.The transaction was executed at an average price of Rs 186 per share. While the buyers and sellers have not been officially disclosed, the transaction comes a day after CNBC-TV18 reported, citing sources, that Peak XV Partners and Elevation Capital were looking to sell a combined 2.3% stake in the company through block deals.At 10:37 am, Meesho shares were trading 0.96% higher at Rs 193.40 on the NSE. The stock had earlier touched an intraday high of around Rs 195 before trimming some gains. Over the past one month, the stock has gained about 1%, according to exchange data.WHAT THE BLOCK DEAL INVOLVEDAround 10.48 crore shares changed hands in the block deal window at an average price of Rs 186 apiece, valuing the transaction at approximately Rs 1,949 crore. On Monday, the business news channel had reported, citing sources, that existing investors Peak XV Partners and Elevation Capital were likely to sell around 10.5 crore shares, equivalent to about 2.3% of Meesho's equity, through block deals.The report had said the proposed deal size was around Rs 1,900 crore, with a floor price of Rs 182.08 per share, representing a 5% discount to the previous closing price.WHO ARE THE LIKELY SELLERS? As of the June quarter shareholding pattern, Peak XV Partners Investments V held a 10.06% stake in Meesho, while Peak XV Partners Growth Investments IV owned 1.39%. Elevation Capital V Ltd held another 12.04% stake in the company, CNBC-TV18 reported.However, the identities of the buyers and sellers in Tuesday's transaction have not yet been officially confirmed.RECENT FINANCIAL PERFORMANCEThe block deal comes shortly after Meesho reported its June quarter earnings.The company narrowed its consolidated net loss to Rs 132.8 crore during the quarter from Rs 289.4 crore a year earlier.Revenue from operations rose 48% year-on-year to Rs 3,712.8 crore from Rs 2,503.9 crore, while EBITDA loss narrowed to Rs 224.7 crore from Rs 264.4 crore in the corresponding period last year, according to CNBC-TV18.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsPublished On: Aug 4, 2026 10:49 IST