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RPS Ventures Sells ₹900 Cr Meesho Stake, Cutting Holding by Over 71%
RPS Ventures sold 3.86 crore Meesho shares for ₹899.7 crore in a block deal, cutting its holding by over 71%. The e-commerce company’s shares closed 1.6% lower, while recent Q1 FY27 revenue rose 48% and losses narrowed 54%.
- Shares RPS WOS II LLC sold in block deal3.86 crore
- Shares Government of Singapore bought1.3 crore
- Shares Mirae Asset Mutual Fund bought77.2 lakh
- Shares Societe Generale bought35.5 lakh
Reported figures
From the report. Source details below
| Price: | ₹233 per share |
|---|---|
| Government of Singapore bought | 1.3 crore shares |
| Mirae Asset Mutual Fund bought | 77.2 lakh shares |
| Societe Generale bought | 35.5 lakh shares |
| Meesho Q1 FY27 net loss fell 54% YoY to | ₹132.8 crore |
| Meesho Q1 FY27 operating revenue rose 48% YoY to | ₹3,707 crore |
| Meesho closed at ₹236.35, down | 1.6% |
Also in the report
- Sale represented about 0.8% of Meesho equity
- Price was 1.4% below the closing price
- RPS held 5.4 crore shares, or 1.1%, at June-quarter end