Meesho block deal: SVF II Meerkat to offload 1% stake at ₹246 apiece; deal size ₹1,174 crore

Shares of Meesho are likely to remain in focus in Friday’s session on November 13, as SoftBank affiliate SVF II Meerkat (DE) LLC is likely to sell a 1% stake in the e-commerce company through a block deal, CNBC-TV18 reported, citing sources.

The deal is estimated to be worth around ₹1,174 crore, with the floor price set at ₹246.23 per share, indicating a 3.1% discount to Thursday’s closing price, according to the report.