Meesho Share Price Falls Over 4%; Invests Nearly ₹100 Crore in Subsidiary MPPL by Subscribing to 30.58 Lakh Equity Shares

Meesho Limited has announced an additional investment in its subsidiary, Meesho Payments Private Limited (MPPL), via a rights issue.  

This strategic move is aimed at bolstering MPPL's business operations and growth. 

Details of the Investment in MPPL 

On May 9, 2026, Meesho Limited disclosed its investment in MPPL by subscribing to 30,58,103 fully paid-up equity shares at a face value of ₹1 each.  

The total investment amounts to ₹99,99,99,681, with each share carrying a premium of ₹326. This transaction was conducted at arm's length, based on an independent valuation report. 

MPPL, a subsidiary of Meesho Limited, is a related party. The investment does not alter Meesho's 99.99% shareholding in MPPL.  

The funds are expected to enhance MPPL's capabilities, scale operations, and meet regulatory requirements. 

MPPL's Business and Financial Overview 

MPPL operates as a Lending Service Provider (LSP), facilitating credit for buyers and sellers on the Meesho platform.  

Incorporated on April 25, 2019, MPPL has shown significant growth in turnover over the last 3 financial years.  

As of March 31, 2026, MPPL reported a turnover of ₹1,104.65 lakh, although it faced a net loss of ₹2,471.67 lakh. 

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Purpose and Impact of the Investment 

The investment aims to support MPPL's business operations and growth, allowing it to expand its activities and improve operational efficiency.  

The infusion of funds is expected to help MPPL develop its offerings in line with market needs. 

Meesho Share Price Performance 

As of May 11, 2026, at 11:04 AM, Meesho share price on NSE was trading at ₹191.10 down by 4.46% from the previous closing price. 

Conclusion 

Meesho Limited's investment in MPPL through a rights issue underscores its commitment to supporting its subsidiary's growth. By maintaining its 99.99% shareholding, Meesho aims to enhance MPPL's operational capabilities and market presence. 

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