Fidelity Investments sells 1.3 pc stake in Meesho for Rs 988 crore; Shares up 1%

New Delhi, June 11: Fidelity Investments on Wednesday sold a 1.3% stake in e-commerce company Meesho for nearly ₹988 crore through open market transactions, according to bulk deal data available on the National Stock Exchange (NSE).

The stake sale was carried out through Fidelity affiliates FID FDI 2117 LLC and FID FDI 312 LLC, which together offloaded around 5.98 crore shares in the Bengaluru-based company.

The shares were sold at prices ranging between ₹165.18 and ₹165.21 apiece, taking the total transaction value to about ₹988.15 crore.

While the identities of the buyers were not immediately available on the exchange, the transaction marks another notable institutional reshuffle in India’s fast-growing digital commerce space.

Stock Market Snapshot

Meesho shares initially came under pressure following the bulk deal but later traded higher during Thursday’s session.

As of 10:17 a.m. IST on June 11, 2026, the stock was trading at ₹168.65, up 1.56% from the previous close of ₹166.06.

The stock opened at ₹164.80 before gaining momentum through the morning session and touching an intraday high of around ₹168.90.

The rebound suggests investors remained focused on the company’s improving financial performance and broader optimism surrounding internet and digital commerce businesses.

Why Investors Are Watching Meesho

The stake sale comes shortly after Meesho reported a sharp improvement in its quarterly earnings.

Last month, the company said its consolidated net loss narrowed to ₹166.34 crore in the quarter ended March 31, compared with a loss of ₹1,391.38 crore a year earlier.

Revenue from operations rose more than 47% year-on-year to ₹3,531.21 crore, reflecting continued growth in order volumes and user activity across the platform.

The company also announced plans to invest up to ₹100 crore in its subsidiary, Meesho Payments Pvt. Ltd., signaling a stronger push into fintech and payments integration.

Bigger Picture

Large institutional investors periodically trim holdings in technology companies to rebalance portfolios or book gains, especially after sharp rallies or valuation shifts.

Even after Fidelity’s partial exit, investor interest in India’s e-commerce and digital consumption story remains strong, with markets continuing to track profitability trends, customer growth and monetization strategies across new-age internet businesses.

Outlook

The Fidelity stake sale may create short-term supply pressure in the stock, but Meesho’s improving financial metrics and expanding digital ecosystem remain key focus areas for investors.

Going forward, the market is likely to closely watch the company’s path toward sustained profitability, growth in payments operations and its ability to maintain momentum in India’s increasingly competitive e-commerce sector.

Source:

• NSE