Meesho gains as its board green lights investment of up to Rs 400 crore in Meesho Payments
Meesho is currently trading at Rs. 225.80, up by 1.15 points or 0.51% from its previous closing of Rs. 224.65 on the BSE.
The scrip opened at Rs. 224.90 and has touched a high and low of Rs. 227.20 and Rs. 222.45 respectively. So far 78669 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 254.65 on 18-Dec-2025 and a 52 week low of Rs. 125.70 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 232.40 and Rs. 210.00 respectively. The current market cap of the company is Rs. 103362.56 crore.
The promoters holding in the company stood at 16.34%, while Institutions and Non-Institutions held 23.49% and 60.17% respectively.
Meesho has secured approval to invest up to Rs 400 crore in its wholly owned subsidiary -- Meesho Payments (MPPL), by way of subscribing to the rights issue/further issue of capital, in one or more tranches. The board of directors of the company, at its meeting held on October 28, 2026, has approved the same. The proposed investment by the company is intended to support the overall business operations and growth of MPPL, enabling it to enhance its capabilities, scale its operations, and effectively meet its business and regulatory requirements.
The infusion of funds is expected to facilitate expansion of MPPL’s activities, improve operational efficiency, and support the development of its offerings in line with the evolving needs of the business and the market.
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