Meesho Limited
SBI Mutual Fund decreased its stake in Meesho Limited from 3.12% to 3.01% by selling 35,18,329 shares. The value of the sold shares was approximately ₹66.10 crore, calculated at a share price of ₹187.87.
An app-based marketplace that connects sellers directly with consumers across India. Meesho operates through its digital platform, offering a diverse range of product categories including fashion, accessories, electronics, home and kitchen items, health and fitness equipment, and office supplies. The company enables small businesses and individual sellers to reach customers through its technology-driven commerce ecosystem, facilitating transactions between merchants and buyers nationwide.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.