Y Combinator sells a 1.05% stake in Meesho for nearly Rs 970 crore, while domestic and foreign institutional investors buy shares in the block deal.

Y Combinator plans to offload up to 1.05% of its stake in Meesho for ₹957.5 crore, with a floor price set at ₹197.5 per share, sources revealed.

Shares of Meesho were trading lower on Monday morning after a block deal worth ₹945 crore changed hands in the pre-open block deal session, adding to selling pressure on the stock.