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Peak XV, Elevation sell 2.27% of Meesho for ₹1,949 crore in block deals
Meesho early investors Peak XV and Elevation Capital sold a combined 2.27% stake for Rs 1,949.28 crore through NSE block deals. Domestic and global institutions, led by Axis Mutual Fund and Fidelity, acquired the shares.
Reported figures
From the report. Source details below
| Elevation Capital held | 12.04% before sale |
|---|---|
| Peak XV Partners held | 10.06% before sale |
| Q1 FY27 operating revenue Rs 3,713 crore, up | 48% YoY |
| Q1 FY27 net loss Rs 133 crore, down | 54% YoY |
Also in the report
- 5.24 crore shares sold by each investor
- Market capitalization Rs 88,750 crore ($9.34 billion)
Other figures
- 10.48 crore shares sold
- Rs 186 per share
- Share price Rs 191.88