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Business Today

Meesho shares fall 3.05% to Rs 177 on block-deal chatter over Elevation Capital’s potential 12% stake sale

AI Market Summary
Meesho shares fell ~3% on reports that early investor Elevation Capital may sell ~12% via a block deal, reviving overhang concerns around post-IPO shareholder exits and near-term valuation pressure. Q1 operating metrics were strong (revenue +48% YoY, users +29% YoY) and losses narrowed, but the potential supply event is dominating sentiment and could increase volatility until deal terms and demand are clarified.
Impact level
● Medium
Affected assets
ME/USDT-7.00%
AI Insight · ME/USDTAI Insight
▼ Bearish
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Meesho Ltd shares fell 3.05% to Rs 177, pushing its market capitalization below Rs 83,000 crore, amid market talk that early investor Elevation Capital could sell about 12% via a block deal valued at roughly Rs 1,200 crore. Elevation Capital held a 12.04% stake as of the quarter ended June 2026. In its latest quarter, Meesho reported 274 million annual transacting users (+29% YoY) and 725 million placed orders (+29% YoY), but the update did little to ease valuation concerns tied to a potential shareholder exit.
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