Meesho Invests ₹399.9 Cr in Payments Subsidiary via Rights Issue

Meesho Limited has made an additional investment of ₹399.99 Crore in its wholly-owned subsidiary, Meesho Payments Private Limited (MPPL), through a rights issue. The company subscribed to 1,14,28,571 fully paid-up equity shares of Re. 1 each at a premium of Rs. 349 per share. This investment aims to support MPPL's business operations and growth, enabling it to enhance capabilities, scale operations, and meet business and regulatory requirements. MPPL, a Lending Service Provider, reported a turnover of INR 1,104.65 lakhs and a net loss of INR 2,465.22 lakhs as of March 31, 2026. The transaction is considered a related party transaction and is conducted at arm's length. Following the investment, Meesho Limited will continue to hold 100% shareholding in MPPL.