Meesho IPO: E-commerce startup Meesho has got the green light from its shareholders to raise ₹4,250 crore through an initial public offering, according to the regulatory filings of the company.
As per a report by PTI that has cited the regulatory filings, the resolution for IPO was passed in the Extraordinary General Meeting on June 25.
The shareholders approved raising up to ₹4,250 crore through issuance of fresh equities, the filing dated June 27 showed.
“The proposed offering will include a fresh issue of equity shares aggregating up to ₹4,250 crore and an offer for sale of equity shares by certain existing shareholders of the company,” the filing said, according to the report.
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