SoftBank has sold 7.6 crore shares in Indian ecommerce company Meesho through a block deal valued at ₹1,885.2 crore, marking a continued reduction in its stake following recent profit-booking amid the platform's improving financial performance.
- SoftBank slashes nearly 25% of Meesho stake via ₹1,885 crore block deal
- Shares bought mainly by Fidelity, Societe Generale, Morgan Stanley, and Indian mutual funds
- Meesho's improving margins and net loss reduction drive stock surge
What happened
SoftBank sold 7.6 crore shares of Meesho through a block trade worth ₹1,885.2 crore at a share price of ₹246.75, slightly below Friday's closing price. This block deal represents roughly a quarter of SoftBank’s shareholding in the ecommerce company, which stood at 31.6 crore shares as of September 2026. The shares were purchased by multiple institutional investors including Fidelity, Societe Generale, Morgan Stanley, Aditya Birla Sun Life Mutual Fund, and Motilal Oswal Mutual Fund.
This transaction follows a previous stake sale by SoftBank in September 2026, when it offloaded 8 crore shares for ₹1,650.4 crore. The repeated share sales indicate SoftBank’s strategy to realize profits by capitalizing on the recent upward momentum in Meesho’s stock price.
Why it matters
The stake sale signals SoftBank’s confidence in cashing in on Meesho’s improving fundamentals and market valuation. Meesho’s shares have surged by more than 30% in three months, reflecting investor optimism around its path to profitability. The ecommerce company reported a substantial 68% decline in consolidated net loss and increased revenues by 34% year-over-year in Q2 FY27, demonstrating operational improvements.
Additionally, Meesho’s contribution generated valuation gains of $121 million for SoftBank’s Vision Fund 2 during the same quarter, underscoring the financial benefits of their investment. Institutional investors’ strong participation in the block deal also validates robust demand and confidence in Meesho’s growth trajectory within India’s expanding ecommerce market.
What to watch next
Market participants will closely monitor Meesho’s upcoming quarterly results to assess if the company can sustain its path toward profitability and margin expansion. Continued improvement in operational metrics will be crucial for maintaining investor confidence and supporting future stock price growth.
Meanwhile, SoftBank’s further stake reduction plans could influence Meesho's stock liquidity and valuation dynamics. How institutional investors manage these large share blocks and whether new strategic investors enter the register will also be important factors determining the company’s market perception and access to capital going forward.