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RPS Ventures Sells Nearly 1% Stake in Meesho for Rs 900 Crore
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News18•23-09-2026, 20:15
RPS Ventures Sells Nearly 1% Stake in Meesho for Rs 900 Crore
- •California-based RPS Ventures divested a 0.84% stake in e-commerce firm Meesho, selling over 3.86 crore shares in 14 tranches.
- •The shares were offloaded at an average price of Rs 233 apiece, totaling Rs 899.70 crore.
- •After the transaction, RPS WOS II LLC's holding in Meesho decreased from 1.18% to 0.34%.
- •The Singapore government emerged as the largest buyer, purchasing nearly 1.32 crore shares worth Rs 307 crore.
- •Other notable buyers included mutual funds from Mirae Asset, Edelweiss, WhiteOak Capital, Bajaj Life Insurance, Societe Generale, Fidelity, Goldman Sachs, and Morgan Stanley.
Key Questions Answered
California-based venture capital firm RPS Ventures divested nearly a 1 per cent stake (specifically 0.84 per cent) in e-commerce firm Meesho for Rs 899.70 crore through separate block deals on the BSE.
The Singapore government emerged as the largest buyer of Meesho's stock, purchasing nearly 1.32 crore shares worth Rs 307 crore.
Following the latest transaction, RPS WOS II LLC's holding in Bengaluru-based Meesho dropped from 1.18 per cent down to 0.34 per cent.
