Shares of Meesho will be in focus heading into trade on Tuesday after early investors Peak XV Partners and Elevation Capital look to offload a combined 2.3 per cent stake in Meesho through block deals worth around Rs 1,900 crore.
The sale comprises nearly 10.5 crore shares at a floor price of Rs 182.08 apiece, which is set at a 5 per cent discount to the current market price. Morgan Stanley is managing the transaction as the broker, according to term sheets.
