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Elevation Capital, Peak XV sell 2.3% Meesho stake for ₹1,949 crore in block deals

Elevation Capital and Peak XV Partners sold a combined 2.3% stake in Indian e-commerce marketplace Meesho for ₹1,949.28 crore via NSE block deals. The sale reduced their holdings while domestic mutual funds, insurers and global institutions bought shares.

Read next

  1. Y Combinator exits 1.05% Meesho stake in ₹970 crore block deal, , The Hindu BusinessLine

Reported figures

From the report. Source details below

Meesho shares traded at ₹190.50, down nearly 1%
Elevation Capital holding reduced to 10.91% from 12.04%
Peak XV Partners holding reduced to 8.93% from 10.06%
Elevation Capital sold 10.20 lakh Paytm shares for over ₹139 crore

Also in the report

  • 10.48 crore Meesho equity shares
  • ₹186 average sale price per share

Other figures

  • Naspers holds 11.27%
  • SoftBank holds 8.60%

The source

Source Read the source at The Hindu BusinessLine

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Confirmed by Outlook Business

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Note Information, not investment advice. RetailIntel is not registered with SEBI.