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SoftBank to sell 1.5% Meesho stake in ₹1,435 crore block deal
SoftBank affiliate SVF II Meerkat plans to sell a 1.5% Meesho stake, or 70 million shares, via a block deal at a ₹205 floor price. The transaction is valued at about ₹1,435 crore and follows recent investor stake sales.
- Proposed deal value
- approximately ₹1,435 crore
- Stake offered for sale
- 1.5% stake
- Shares offered for sale
- 70 million Meesho shares
- Floor price per share
- ₹205 floor price per share
- down 3.1% discount to ₹211.60 closing price
Reported figures
From the report. Source details below
| 3.1% discount to | ₹211.60 closing price |
|---|
Also in the report
- approximately ₹1,435 crore ($151 million) deal value
Other figures
- 60-day seller lock-up