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Meesho block deal: SoftBank-backed entity likely to sell 1% stake worth Rs 1,174 crore

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Summary

SoftBank-backed SVF II Meerkat may sell a 1% stake in Meesho through a Rs 1,174 crore block deal. The development comes as Meesho reports narrowing losses, rising revenue and strong user growth.

Description from Times of India.

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  1. Times of India Center Factuality: Mostly factual IN
    Meesho block deal: SoftBank-backed entity likely to sell 1% stake worth Rs 1,174 crore

    SoftBank-backed SVF II Meerkat may sell a 1% stake in Meesho through a Rs 1,174 crore block deal. The development comes as Meesho reports narrowing losses, rising revenue and strong user growth.

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