Meesho Approves ₹400 Crore Investment in Payments Arm; Shares Down 0.36%

Mumbai, October 29: Meesho Limited shares were trading at ₹227.02, down 0.36% from the previous close, at 9:29:16 AM IST on Thursday, October 29, after the company approved further investments in its payments subsidiary and two other entities, along with plans to incorporate a new wholly owned subsidiary.

Meesho Approves ₹400 Crore Investment in Payments Subsidiary

At its board meeting held on October 28, 2026, Meesho approved a further investment of up to ₹400 crore in Meesho Payments Private Limited (MPPL) through a rights issue or further issue of capital, in one or more tranches.

The investment is intended to support MPPL’s operations, growth, capabilities, scale, offerings and regulatory requirements. The company also stated that the payments subsidiary is intended to enable in-house underwriting, greater control over product design, direct ownership of borrower relationships and access to institutional funding.

The board also approved an initial investment of up to ₹15 crore to incorporate a new wholly owned subsidiary. Meesho will apply to the Ministry of Corporate Affairs for the subsidiary’s name and disclose it separately after incorporation.

Additional Investments in Kirana Club and Retail Pulse Labs

Meesho approved a further investment of USD 650,000 in Singapore-based Kirana Club Pte. Ltd. through a subscription to ordinary shares.

It also approved an investment of ₹18,73,73,721.90 in Retail Pulse Labs Private Limited, a subsidiary of Kirana Club, through the subscription or purchase of equity shares, equity-linked instruments or other permitted securities and instruments.

Stock Market Snapshot

The Meesho share price was trading 0.36% lower at ₹227.02 on Thursday, October 29, compared with the previous close of ₹227.84. The stock opened at ₹222.00.

These figures reflect the intraday quote displayed at 9:29:16 AM IST and do not represent the closing price.

About Meesho

Meesho is an Indian e-commerce platform that connects consumers with sellers across a range of product categories.

Conclusion

Meesho’s board-approved investments cover the expansion of its payments subsidiary, the incorporation of a new wholly owned subsidiary and additional funding for Kirana Club and Retail Pulse Labs.

Source:

• https://www.nseindia.com/get-quote/equity/MEESHO/Meesho-Limited
• https://nsearchives.nseindia.com/corporate/MEESHO_28102026210120_Final_FMLBMOutcome28102026_-_Second_half.pdf