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The Economic Times
The Economic Times
Kumar Gaurav

Y Combinator sells Meesho shares worth Rs 970 crore in block deals; Morgan Stanley, Goldman Sachs, Citigroup among buyers

Meesho Citigroup Goldman Sachs Morgan Stanley Y Combinator Nippon India Mutual Fund NSE

Y Combinator-linked entities sold 4.85 crore Meesho shares worth about Rs 970 crore in a series of block deals on Monday, August 24, with Morgan Stanley, Goldman Sachs, Citigroup, Nippon India Mutual Fund and HDFC Standard Life Insurance Company among the institutional buyers.

According to NSE block deal data, Y Combinator Continuity Holdings I LLC sold 2,30,27,687 Meesho shares, while YCS16 Holdings LLC sold 2,06,03,720 shares. YCVC Fund I L.P. sold another 48,47,934 shares. All three transactions were executed at Rs 200.01 per share, about 2.47% below Meesho's NSE closing price of Rs 205.07.

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