Softbank further trims India exposure, sells Meesho shares worth ₹1,885 cr

Japanese investor SoftBank Group has sold 1.65 per cent stake in Meesho for Rs 1,885 crore, further trimming its investments in India's e-commerce sector. In the latest transaction, SVF II Meerkat (DE) LLC, an affiliate of SoftBank, offloaded 7.64 crore shares in Bengaluru-based Meesho, according to the block deal data on the National Stock Exchange (NSE). The share sale was...