SoftBank Vision Fund Sells 70M Meesho Shares at Rs 205 – 1.5% Stake
NEWZA Editorial Team••Source: MoneyControl
NEWZAFinancial Intelligence Feed
⚡ Key Financial Takeaways
70 million Meesho shares (1.5% stake) sold at Rs 205, a 3.1% discount to NSE close.
Deal valued at Rs 1,435 crore (~$151M) with a 25‑basis‑point commission for the buyer.
Transaction to close 3 Sept, settle 4 Sept, and includes a 60‑day lock‑up for the seller.
Deal Overview SoftBank Vision Fund’s SVF II Meerkat (DE) LLC is selling 70 million equity shares of Meesho Ltd, which equals 1.5% of the company’s existing share capital. The floor price is set at Rs 205 per share, a 3.1% discount to the NSE closing price of Rs 211.60 on 2 September. At the floor price, the transaction is valued at roughly Rs 1,435 crore, or about $151 million.
Transaction Timeline & Terms BofA Securities India and J.P. Morgan India are acting as placement agents for the 100% secondary sale. The books are expected to close around 7:30 am IST on 3 September, with settlement on 4 September. Investors are asked to indicate demand sensitivity at or above the floor price; no pricing guidance will be released until the shares are crossed. The buyer will pay a 25‑basis‑point commission in addition to normal market charges. The vendor, its agents, nominees and affiliates will face a 60‑day lock‑up following the transaction.
