Meesho shares in spotlight as SoftBank prepares stake sale

Meesho's scrip is set to command investor attention as SoftBank Vision Fund entity SVF II Meerkat prepares to divest its holding in the social commerce company. The block deal, anticipated to take place during market hours, will see approximately 1.5 per cent of Meesho's paid-up equity changing hands, marking a significant secondary market transaction for the company.

The stake sale comes at a time when the e-commerce and social commerce sectors remain under scrutiny from investors tracking profitability metrics and unit economics of high-growth platforms. The quantum of the deal and the eventual acquirer's identity could provide signals about investor sentiment towards Meesho and the broader Indian e-commerce landscape.

Beyond Meesho, traders will maintain focus on other key counters including state-owned steelmaker SAIL, private lender ICICI Bank, NBFC L&T Finance Holdings, consumer durables maker Blue Star and oil marketing companies. These stocks typically see heightened activity when broader market movements or sector-specific developments warrant attention from institutional and retail investors.

The block deal mechanism allows large investors to offload substantial shareholdings outside regular trading, though the transactions are disclosed to the exchange and subsequently to the market. For Meesho, which has been building operational scale since its inception, such stake reductions by marquee global investors often signal evolving portfolio dynamics rather than fundamental shifts in business outlook.