SoftBank just sold 7.64crore shares of Meesho for ₹1,885.17crore, dropping its stake from 6.84% to 5.19%.
This move is part of SoftBank's ongoing shift away from India's tech scene, following similar stake sales from Lenskart and Ola Electric.
Societe Generale leads buyers, Meesho up
Institutional buyers were quick to snap up the shares: Societe Generale (SocGen) led the way, with Indian mutual funds like HDFC and Motilal Oswal joining in.
Global players such as Morgan Stanley and Government Pension Fund Global also got involved.
After the sale, Meesho's stock price actually climbed by 1.53%, showing investors are still confident about the company's future.