Meesho shares dip 5% more, ₹40,000-cr in m-cap wiped off since Dec

Meesho's shares fell by another 5% on Thursday to ₹165, recording a fall of around 9% so far this year. The stock has dipped more than 35% from its December peak of ₹254.40 apiece, wiping off over ₹40,000 crore from the e-commerce company's market capitalisation. Shares also dipped 5% on Wednesday after the one-month lock-in period for pre-IPO investors expired.