India's Meesho rises after block deals

Meesho

04/08/2026 06:46

** Shares of Indian e-commerce platform Meesho MEES.NS rise as much as 2.3% to 195.90 rupees, last up 0.6%
** 104.8 shares worth 19.49 billion rupees ($204.5 million)traded via block deal on Tuesday, per NSE data
** Shares sold at 186 rupees per share, at discount from last session's closing price of 191.57 rupees 
** Sellers likely to be early investors Peak XV and Elevation Capital, selling a combined 2.3% stake in MEES, as per media report from CNBC-TV18
** Peak XV and Elevation Capital did not immediately respond to Reuters request for comment
** Stock on avg rated "buy" by 13 analysts; median PT is 212.50 rupees - data compiled by LSEG 
** Stock up 7% YTD 
     
     
     
($1 = 95.3050 Indian rupees)

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))