India's Meesho falls after 15 billion-rupee tax demand

Meesho

09/03/2026 04:55

** Meesho MEES.NS slips 10% to 143.41 rupees

** E-commerce firm received tax demand of 15 billion rupees  ($162.47 million) after market last Friday

** India's tax department made some additions to income reported by co for 2023-2024

** Co says order does not have major impact on financial position or operations

** YTD, stock down 12.3%; down 6.4% since market debut on December 10, 2025

($1 = 92.3250 Indian rupees)

 (Reporting by Abinaya Vijayaraghavan in Bengaluru)

 ((Abinaya.V@thomsonreuters.com))