Y Combinator sells Meesho shares worth Rs 970 crore in block deals; Morgan Stanley, Goldman Sachs, Citigroup among buyers

Y Combinator-linked entities sold 4.85 crore Meesho shares worth about Rs 970 crore in a series of block deals on Monday, August 24, with Morgan Stanley, Goldman Sachs, Citigroup, Nippon India Mutual Fund and HDFC Standard Life Insurance Company among the institutional buyers.

According to NSE block deal data, Y Combinator Continuity Holdings I LLC sold 2,30,27,687 Meesho shares, while YCS16 Holdings LLC sold 2,06,03,720 shares. YCVC Fund I L.P. sold another 48,47,934 shares. All three transactions were executed at Rs 200.01 per share, about 2.47% below Meesho’s NSE closing price of Rs 205.07.

Together, the three entities sold 4,84,79,341 Meesho shares for approximately Rs 969.71 crore.

On the buying side, Nippon India Mutual Fund bought 1,00,00,002 shares, the largest single purchase disclosed in the block deal data. HDFC Standard Life Insurance Company Ltd bought 75,00,003 shares, while Edelweiss Mutual Fund purchased 34,70,553 shares.

Other marquee buyers included Franklin Templeton Mutual Fund, which bought 25,00,001 shares; Societe Generale, which bought 23,75,002 shares; Integrated Core Strategies (Asia) Pte. Ltd., which bought 17,50,002 shares; and Morgan Stanley Asia Singapore Pte., which reported two purchases of 12,58,752 shares and 17,00,002 shares.

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Goldman Sachs Bank Europe SE bought 14,25,002 shares, while Goldman Sachs Investments Mauritius I Limited purchased 12,50,002 shares. Citigroup Global Markets Mauritius Private Limited bought 15,00,002 shares, showed the exchange data.AAGAM Investments, Bajaj Life Insurance Limited, Viridian Asia Opportunities Master Fund, BNP Paribas Financial Markets, BofA Securities Europe SA, Canara Robeco Mutual Fund, Franklin Templeton Investment Funds – Franklin India Fund, Ghissallo Master Fund LP, HSBC Mutual Fund, Kotak Securities Limited, Kuwait Investment Authority and Robeco Capital Growth Funds were among the other buyers.

Meanwhile, Meesho shares ended Monday’s session at Rs 205.07 apiece on the NSE, down Rs 0.62, or 0.30%, from the previous close of Rs 205.69 per share. The stock opened at Rs 207.24 and moved between an intraday high of Rs 212.65 and a low of Rs 201.50.

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