Fidelity Investments Divests 1.3% Stake in Meesho for ₹988 Crore
Fidelity Investments, through its entity FID FDI 312 LLC, has sold a 1.3% stake in the Indian e-commerce platform Meesho for approximately ₹988 crore. The transaction, executed at the close of the March quarter, marks a significant adjustment in the investment firm’s portfolio regarding one of India’s fastest-growing social commerce startups. Context of the Investment…