India's Meesho extends losses on shareholder lock-in expiry

Meesho

08/01/2026 04:25

** Meesho MEES.NS extends losses; down 5% to 164.48 rupees

** Shareholder lock-in of about 110 million shares, representing 2% stake in the e-commerce firm, expired on Wednesday.

** Stock has fallen 10% since then

** Meanwhile, Megha Agarwal resigns as General Manager– Business and as a senior management personnel

** Milan Partani, General Manager, user growth and content commerce, is set to assume Megha's role

** MEES jumped about 58% on Dec 10 debut with an 111-rupee issue price

** Day's losses trim stock's gains since debut to 1.2%

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))