Tag Archives: Meesho IPO

SoftBank-backed Meesho has secured shareholders’ approval to raise up to Rs 4,250 crore via an initial public offering, according to the company’s regulatory filing.The resolution for the IPO was passed at the Extraordinary General Meeting held on June 25, the filing by the e-commerce firm stated, as reported PTI.As per the filing dated June 27, the shareholders approved the proposal …

Meesho representative image Bengaluru-based ecommerce marketplace Meesho has received shareholder approval to launch its initial public offering (IPO), aiming to raise Rs 4,250 crore (about $500 million) through a fresh issue of equity shares, according to filings with the Registrar of Companies.The approval was granted at an extraordinary general meeting of the company. The IPO will also include an offer …

BENGALURU: Meesho formally transitioned into a public limited company, shows filings with the ministry of corporate affairs. The move came as the firm advanced its plan to shift legal domicile from the US to India and restructure operations under a single onshore entity. Meesho is preparing for a potential $1 billion IPO. Source link