Y Combinator Unloads Meesho Shares Worth Rs 970 Crore in Block Deals
Y Combinator-linked entities sold 4.85 crore Meesho shares worth approximately Rs 970 crore in block deals on Monday, August 24. Morgan Stanley, Goldman Sachs, Citigroup, Nippon India Mutual Fund, and HDFC Standard Life Insurance Company were among the institutional buyers.
The transactions were executed at Rs 200.01 per share, about 2.47% below Meesho's NSE closing price of Rs 205.07. Together, Y Combinator Continuity Holdings I LLC, YCS16 Holdings LLC, and YCVC Fund I L.P. sold 4,84,79,341 shares for approximately Rs 969.71 crore.
Nippon India Mutual Fund was the largest single buyer, purchasing 1,00,00,002 shares. HDFC Standard Life Insurance Company Ltd bought 75,00,003 shares, while Edelweiss Mutual Fund purchased 34,70,553 shares.
Other notable buyers included Franklin Templeton Mutual Fund, Societe Generale, Integrated Core Strategies (Asia) Pte. Ltd., and Morgan Stanley Asia Singapore Pte.