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Meesho sees ₹1,949 crore block deal as 10.48 crore shares change hands
Meesho saw a Rs 1,949.28 crore block deal as 10.48 crore shares traded at Rs 186 each. Elevation Capital and Peak XV entities had proposed selling up to 2.3% of the Indian marketplace operator.
Reported figures
From the report. Source details below
| Term-sheet floor price: | Rs 182.08 per share |
|---|---|
| Base offer: | up to 10.5 crore shares, or 2.3% of outstanding shares |
| Elevation Capital held 12.04% as of June | 30 |
| Peak XV Partners Investment V held | 10.06% |
| Peak XV Partners Growth Investments IV held | 1.39% |
| MOFSL FY31 adjusted EBITDA forecast: | Rs 4,800 crore |
Also in the report
- MOFSL forecasts 25% marketplace NMV CAGR in FY26-FY31