MEESHO
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Ventura initiates coverage on Meesho and LG India, sees up to 35% upside
For LG Electronics India, Ventura has set a target price of Rs 2,141, implying a 27% upside from its current market price of Rs 1,688. Meesho is being valued as a play on value e-commerce, small sellers and first-time online shoppers. LG Electronics India is being positioned as a bet on rising appliance penetration, premiumisation, manufacturing expansion and India’s broader consumer durables cycle.
Y Combinator sells Rs 970 crore Meesho stake; tax dispute triples to Rs 2,072 crore
Y Combinator has sold a 1.05% stake in Meesho for nearly Rs 970 crore through block deals, with major investment banks like Morgan Stanley, Goldman Sachs, and Citigroup among the buyers. Meanwhile, Meesho's tax dispute with Indian authorities has escalated sharply, swelling to Rs 2,072 crore in FY26, more than three times the earlier amount. The dual developments highlight both investor interest in the e-commerce firm and mounting regulatory challenges.
Meesho gains broker support
3 Min Read Shares of newly listed Meesho Ltd. shares gained on Monday, July 27, after brokerage firm Motilal Oswal initiates coverage and indicated an upside of 30% from their previous close. Motilal Oswal initiated coverage on Meesho, with a "buy" rating and a price target of ₹240 apiece.
IT sector weight hits 23-year low
The IT sector's weight in India's Nifty50 index has dropped to a historic low of 23%, reflecting broader market shifts. Despite Meesho's strong revenue growth, the trend continues, with financials taking over as key contributors.
SoftBank sells 1.5% Meesho stake in ₹1,650 crore block deal
SoftBank has executed an upsized block deal to sell a 1.5% stake in Meesho, with equity worth ₹1,650 crore changing hands. The transaction was larger than initially expected, indicating strong investor demand for the e-commerce firm's shares.
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