Meesho to infuse up to Rs 100 crore in lending arm MPPL
E-commerce firm Meesho on Wednesday said its board has approved an investment of up to Rs 100 crore in its subsidiary Meesho Payments Private Limited (MPPL).
The investment is expected to be made by way of subscribing to MPPL shares, including through a rights issue.
Meesho would invest up to Rs 100 crore, “by way of subscribing to the rights issue/further issue of capital, in one or more tranches, for such number of additional shares and at such price as may be offered by MPPL,” the filing said.
