Meesho Limited has made an additional investment of ₹399,99,99,850 (₹399.99 crore) in its wholly-owned subsidiary Meesho Payments Private Limited (MPPL) through a rights issue. The investment involved subscribing to 1,14,28,571 fully paid-up equity shares of face value Re. 1 each at a premium of ₹349 per share.

Transaction Details

  • Transaction Type: Rights issue subscription
  • Number of Shares: 1,14,28,571 equity shares of Re. 1 each
  • Premium per Share: ₹349
  • Total Consideration: ₹399,99,99,850 (₹399.99 crore)
  • Allotment Date: November 02, 2026
  • Post-Transaction Ownership: 100% (remains wholly-owned subsidiary)

Subsidiary Information

Meesho Payments Private Limited (MPPL)

  • Date of Incorporation: April 25, 2019
  • Industry: Lending Service Provider (LSP)
  • Country of Presence: India
  • Relationship: Wholly-owned subsidiary of Meesho Limited

Financial Performance of MPPL

Turnover (INR in lakhs):

  • FY 2023-24: ₹19.95 lakhs
  • FY 2024-25: ₹235.61 lakhs
  • FY 2025-26: ₹1,104.65 lakhs

Net Loss for FY 2025-26: ₹2,465.22 lakhs (₹24.65 crore)

Transaction Rationale

The investment is intended to support MPPL's overall business operations and growth, enabling it to enhance capabilities, scale operations, and meet business and regulatory requirements. The fund infusion is expected to facilitate expansion of activities, improve operational efficiency, and support development of offerings in line with market needs.

Regulatory and Governance Aspects

  • Regulatory Reference: Disclosure under Regulation 30 read with Schedule III of SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Related Party Transaction: MPPL is a related party as a wholly-owned subsidiary
  • Arm's Length: Transaction conducted at arm's length
  • Promoter Interest: Mr. Vidit Aatrey and Mr. Sanjeev Kumar (promoters of Meesho Limited) serve as directors on MPPL's board. Mr. Vidit Aatrey holds one equity share as nominee of the Company
  • Governmental Approvals: Not applicable

Additional Information

The disclosure is in continuation with the company's intimation dated October 28, 2026, regarding the outcome of the Board Meeting. The information has been made available on the company's website at www.meesho.com.