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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

RPS Ventures sells 0.9% stake in Meesho for Rs 899.7 crore

RPS Ventures sold 38.6 million shares in Meesho for approximately Rs 899.7 crore through multiple block deals. Major investors such as Norges Bank and Goldman Sachs bought the shares at Rs 233 each. Previously, early investors also offloaded their stakes in Meesho, reflecting changing market dynamics. Brokerage firm UBS updated its price target for Meesho due to improved growth expectations and margin estimates.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/rps-ventures-sells-0-9-stake-in-meesho-for-rs-899-7-crore/134449015
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