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The Economic Times
The Economic Times

Elevation Capital, Peak XV Partners sell 2.3% stake in Meesho for Rs 1,949 crore; stock falls

Meesho Elevation Capital Peak XV Partners NSE the National Stock Exchange Insurance Naspers SoftBank

Private equity firms Elevation Capital and Peak XV Partners have divested a combined 2.3 per cent stake in e-commerce marketplace Meesho for Rs 1,949 crore through open market transactions, according to block deal data on the NSE.

Following the stake sale, Meesho's shares fell nearly 1 per cent on Wednesday to trade at Rs 190.50 apiece on the National Stock Exchange (NSE).

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