SoftBank to offload 1.5% stake in Meesho via block deal
Masayoshi Son’s SoftBank Group Corp. is offering to sell 70 million shares in Indian e-commerce platform Meesho Ltd through a block deal on Thursday, according to a term sheet reviewed by Mint.
The seller, SoftBank-affiliated SVF II Meerkat (DE) LLC, is offering a 1.5% stake in the Vidit Aatrey-led company, with the floor price for the shares being set at ₹205 rupees per share, representing a 3.1% discount to Meesho’s closing price of ₹211.60 on 2 September on the National Stock Exchange.
