Meesho shares rise 2% as Fidelity sells ₹988 cr (2026)

What happened in Meesho on June 10, 2026

American financial services company Fidelity Investments divested a 1.31% stake in Meesho through open market transactions on Wednesday, June 10, 2026. The sale was executed via two affiliates, FID FDI 2117 LLC and FID FDI 312 LLC, according to bulk deal data published by the National Stock Exchange (NSE). In total, Fidelity offloaded 5,98,16,300 shares, or about 5.98 crore shares. The transaction value was reported at ₹988 crore, with one figure pegging it at ₹988.44 crore.

The selling arrived on a day when the Meesho share price was also in focus due to large block deal activity. Reports earlier in the session said shares worth ₹1,540 crore changed hands through multiple block deals during early hours of trade. Despite this supply, Meesho shares rose about 2% on Wednesday.

Fidelity’s bulk deal: entities, volumes, and prices

NSE bulk deal data showed the selling split between two Fidelity entities. FID FDI 2117 LLC sold 2.59 crore shares at ₹165.18 per share. FID FDI 312 LLC sold 3.39 crore shares at ₹165.21 per share. Together, these trades accounted for the reported 1.31% stake sale.

The disclosed prices indicate the divestment was executed with only a marginal difference in per-share realisation between the two entities. The transaction is notable because Fidelity was also cited as an early backer of Meesho.

The bigger supply event: pre-IPO lock-in expiry

The bulk deals took place immediately after a key lock-in milestone. The block deal activity was widely attributed to pre-IPO investors selling after the six-month lock-in on about 68% of pre-IPO shareholding expired on June 9, 2026. Meesho listed on December 10, 2025 following an IPO that was reported as 79 times subscribed.

With the lock-in ending, a large pool of shares became eligible to trade. The article data stated that shares worth approximately ₹54,000 crore became eligible for trading after the June 9 expiry. It also noted that as per market data, up to 110 million shares, or around 2% of Meesho’s outstanding equity, became tradeable.

How the stock moved despite selling pressure

The Meesho share price rose around 2% on June 10, 2026 even as the market digested the reported ₹1,540 crore block deal and Fidelity’s bulk deal selling. The same day, Jefferies initiated coverage on the stock with a Buy rating and a target price of ₹225, according to the provided information.

The combination of a lock-in related supply event and a fresh broker initiation created a push-pull for price action. The data in the article framed the block deal as a mechanical outcome of lock-in expiry rather than a definitive sentiment signal.

Why a block deal is not automatically bearish

The context provided emphasised that a block deal itself is not necessarily bearish. It often represents a transfer of shares from early-stage investors, who may have bought at much lower valuations, to new institutional buyers at prevailing market prices.

In Meesho’s case, the June 9 lock-in expiry created a window for pre-IPO investors and existing shareholders to distribute holdings. Another supply milestone is also on the calendar: a further 20% of shares remain locked until June 9, 2027, which could create another supply event next year.

IPO background: structure, anchor book, and demand

Multiple data points in the provided text described Meesho’s IPO and pre-IPO demand. One set of details said the IPO comprised a fresh issue and an offer for sale (OFS) of about 10.55 to 10.6 crore shares, with the total issue size cited at ₹5,421 crore. Another detail set specified a fresh issue of ₹4,250 crore and an OFS valued at ₹1,171 crore at the upper band, totalling ₹5,421 crore.

Ahead of the IPO, Meesho raised about ₹2,439.5 crore to ₹2,440 crore from anchor investors by allocating roughly 21.97 to 21.98 crore shares at ₹111 apiece. The anchor tranche included several global institutional investors and domestic mutual funds, as described in the provided text.

Who else sold: reference transactions in the market

The article data also mentioned another example of bulk-deal activity in Indian equities. SBI Mutual Fund sold a 2.43% stake in Nazara Technologies for about ₹216 crore via open-market bulk deals, reducing its holding to 3.35% from 5.78%. The fund reportedly offloaded over 90 lakh shares, and Nazara’s stock rose more than 6% after the transaction.

This comparison highlights that large secondary sales can coincide with positive price action, depending on market positioning and buyer demand.

Key numbers at a glance

The following table consolidates the main factual datapoints cited in the provided text.

Market impact and what investors are watching

In the near term, the main market variable highlighted by the data is supply. The lock-in expiry on a large portion of pre-IPO holdings increased the number of shares available for trading, with a reported ₹54,000 crore worth of shares becoming eligible. This was reflected in the reported ₹1,540 crore block deal activity.

At the same time, the stock’s rise of about 2% indicates that demand was present despite the added supply, with the Jefferies initiation cited as one supportive factor. The next clearly defined event in the supplied information is the remaining lock-in of 20% of shares until June 9, 2027, which could again influence secondary market supply.

Conclusion

Fidelity’s sale of 1.31% in Meesho for about ₹988 crore adds to the post lock-in reshuffle in Meesho’s shareholder base. The trading action on June 10, 2026 showed that large selling flows can coexist with a rising share price when institutional demand absorbs supply. Investors will continue to track further stake distribution following the June 9 lock-in expiry and the next lock-in milestone scheduled for June 9, 2027.