SoftBank sells 1.65% stake in Meesho for ₹1,885 crore

SoftBank Group sold 1.65% of its stake in Bengaluru-based Meesho for ₹1,885 crore on Friday. The Japanese investor sold 7.64 crore shares at an average price of ₹246.75 per share, lowering its holding in Meesho from 6.84% to 5.19%. Paris-based financial services firm SocGen bought 1.47 crore shares for ₹364.65 crore. Morgan Stanley and Goldman Sachs also bought some shares.