Meesho rises on completing acquisition of majority stake in Kirana Club, Retail Pulse Labs
Meesho is currently trading at Rs. 234.40, up by 0.90 points or 0.39% from its previous closing of Rs. 233.50 on the BSE.
The scrip opened at Rs. 232.55 and has touched a high and low of Rs. 235.25 and Rs. 229.00 respectively. So far 171286 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. 238.65 and Rs. 221.00 respectively. The current market cap of the company is Rs. 108342.45 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 completed the first and second tranche of the acquisition of 92.74% of the share capital of Kirana Club, a company incorporated under the laws of Singapore and Retail Pulse Labs (RPLPL), a company incorporated under the laws of India and an existing subsidiary of Kirana Club (directly and indirectly).
The shares were acquired from the identified selling shareholders for an aggregate consideration of Rs 186.71 crore. Consequent to the acquisition, Kirana Club has become a subsidiary of the Company, and RPLPL has become a step-down subsidiary of the Company. The acquisition is in line with the company’s strategic objectives and is expected to strengthen its presence and capabilities in the e-commerce ecosystem.
