Meesho Board Approves ₹400 Crore Investment In MPPL, USD 650,000 In Kirana Club, Incorporates New Subsidiary

Mumbai: Meesho Limited on Wednesday announced its board of directors has approved a significant investment of up to ₹400 crore in its wholly owned subsidiary, Meesho Payments Private Limited (MPPL). The investment will be made through subscription to rights issue or further issue of capital in one or more tranches.Payments Arm PerformanceMPPL reported a turnover of ₹1,104.65 lakh and a...