| Meesho Limited announced an additional investment of Rs 749.99 crore in Meesho Grocery Private Limited (MGPL), a wholly-owned subsidiary, through a rights issue of 7,10,22,727 fully paid-up equity shares with a face value of Rs 10 each. The investment is intended to support MGPL’s business operations and growth, with the company’s shareholding remaining at 100% and MGPL continuing as a wholly-owned subsidiary. MGPL, incorporated on March 18, 2024, operates a local logistics network for daily essentials and groceries in India, reporting a turnover of Rs 112.10 lakhs and a net loss of Rs 6,899.30 lakhs as of March 31, 2026. |