RPS Ventures Offloads Meesho Stake Worth About ₹900 Cr
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Meesho backer RPS Ventures sold nearly 3.9 Cr shares of ecommerce major Meesho to net ₹899.7 Cr.
As per BSE bulk deal data, RPS’ holding entity RPS WOS II LLC offloaded a total of 3.86 Cr equity shares, or around 0.8% of Meesho’s total equity, in a block deal valuing each share at ₹233. The trading price is a 1.4% discount to the stock’s closing price today.
The shares that flooded the market were lapped up by the Government of Singapore (1.3 Cr shares), Mirae Asset Mutual Fund (77.2 Lakh shares
As per BSE bulk deal data, RPS’ holding entity RPS WOS II LLC offloaded a total of 3.86 Cr equity shares, or around 0.8% of Meesho’s total equity, in a block deal valuing each share at ₹233. The trading price is a 1.4% discount to the stock’s closing price today.
The shares that flooded the market were lapped up by the Government of Singapore (1.3 Cr shares), Mirae Asset Mutual Fund (77.2 Lakh shares
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