Rights Issue9 May 2026, 10:01 am
Meesho Invests ₹99.99 Cr in Subsidiary MPPL via Rights Issue
AI Summary
Meesho Ltd has made an additional investment of ₹99.99 crore in its subsidiary, Meesho Payments Private Limited (MPPL), through a rights issue. This investment involves subscribing to 30,58,103 equity shares at a premium of ₹326 each. The investment aims to support MPPL's business operations, growth, and regulatory requirements. MPPL's turnover as of March 31, 2026, was ₹1,104.65 lakhs, with a net loss of ₹2,471.67 lakhs. The shareholding percentage of Meesho in MPPL remains unchanged at 99.99%.
Key Highlights
- Meesho invests ₹99.99 Cr in MPPL through rights issue.
- MPPL's turnover was ₹1,104.65 lakhs with a net loss of ₹2,471.67 lakhs as of March 31, 2026.
- The investment will not change Meesho's 99.99% shareholding in MPPL.
- The investment aims to support MPPL's business operations and growth.
- The transaction was conducted at arm's length based on an independent valuation.
Price Impact
More from MEESHO