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Meesho gets nod to acquire stake in Kirana Club, Retail Pulse Labs
Jun-13-2026

Meesho has received approval for the acquisition of 100% of share capital of Kirana Club, a company incorporated under the laws of Singapore, and 0.41% of the share capital of Retail Pulse Labs (RPLPL), an existing subsidiary of Kirana Club incorporated under the laws of India, from the identified selling shareholders, for an aggregate consideration amounting to Rs 202.08 crore, in three Tranches. 

Further, the Board of Directors has also approved the execution of Share Purchase Agreement (SPA) and other ancillary agreements/ documents (collectively, the Transaction Documents) in connection with and to give effect to this acquisition. Post-acquisition, Kirana Club will become a wholly owned subsidiary (WOS) of the Company, and RPLPL will become a step-down subsidiary of the Company (with Company holding 99.59% stake indirectly through Kirana Club and the remaining 0.41% directly). 

The acquisition is in line with the company’s strategic objectives and is expected to strengthen its presence and capabilities in the e-commerce ecosystem. The acquisition is expected to be completed in three tranches, on or before March 31, 2027, subject to satisfaction of the conditions precedent and other terms and conditions set out in the SPA. The Board of Directors of the company at its meeting held on June 12, 2026, has considered and approved the same. 

Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. Its value-focused ecommerce marketplace serves consumers from diverse income backgrounds across India by offering 'Everyday Low Prices'.


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