Meesho Limited has invested Rs. 75 Crore in its wholly-owned subsidiary, Meesho Grocery Private Limited, via a rights issue. This investment supports MGPL's overall business and operational growth.
Meesho Limited is acquiring one equity share of its subsidiary, Meesho Payments Private Limited, to make it a wholly-owned subsidiary. The transaction involves a cash consideration of ₹327.
Meesho Limited is investing up to ₹75 Crore in its wholly-owned subsidiary, Meesho Grocery Private Limited, to support operations and enhance business capabilities.
Meesho Limited invested ₹100 Crore in its subsidiary, Meesho Payments Private Limited, via equity subscription. The capital will support regulatory requirements and credit facilitation growth.