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Meesho Trades Flat After Stellar Market Debut Amid Fresh Investment Update
Meesho’s stock remained flat post-debut as the firm invested ₹2,890 crore into its subsidiary, supporting long-term expansion even after a 53% listing-day surge.
A day after its explosive market debut, Meesho’s stock held steady even as the company announced an additional investment into its subsidiary, Meesho Technologies Private Limited. The shares hovered around ₹170 on the NSE after soaring over 53% on listing day. The rights-issue infusion of ₹2,890 crore aligns with the IPO’s stated objectives, reinforcing Meesho’s expansion plans across cloud infrastructure and strategic acquisitions.