Meesho Limited has made a substantial infusion into its wholly owned subsidiary, Meesho Technologies Private Limited (MTPL), through a rights issue. The disclosure, filed under Regulation 30 of SEBI Listing Regulations, is in line with the utilisation plans outlined in the company’s prospectus dated December 5, 2025.
Rights Issue Details
Meesho invested up to ₹28,900 million in MTPL by subscribing to 1,31,06,57,596 equity shares at a price of ₹22.05 per share on a rights basis.
The transaction:
- Does not alter the ownership structure
- Keeps MTPL a 100% subsidiary
- Has been executed at arm’s length
MTPL, incorporated on March 22, 2024, operates the Meesho marketplace app offering a wide range of product categories including fashion, electronics, home essentials, and more.
For the period ending March 31, 2025, MTPL reported ₹93,858.74 million in revenue from operations.
Purpose and Strategic Impact
The company noted that this investment is part of the intended utilisation of its recent IPO proceeds.
Key points:
- No external regulatory approvals were required
- The entire consideration was paid in cash
- The funds will support MTPL’s operational and strategic expansion
The capital infusion strengthens MTPL’s ability to scale its technology-led marketplace, deepen category offerings, and expand reach across India. Meesho clarified that its only related-party interest in MTPL is its shareholding, with no additional involvement.
Summary (As Requested)
Meesho Limited has invested ₹28,900 million in its wholly owned subsidiary MTPL via a rights issue, subscribing to over 131 crore shares at ₹22.05 each. The investment aligns with the utilisation plans of Meesho’s IPO proceeds and requires no regulatory approvals. MTPL, which operates the core Meesho marketplace and reported nearly ₹94,000 million in FY25 revenue, will use the funds to support operational and strategic growth. The transaction does not change the subsidiary’s ownership structure.
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