Meesho Block Deal: Goldman Sachs, Morgan Stanley Among Buyers As Rs 900-Crore Stake Change Hands
A institutional flows development with market-wide reach.
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The Government of Singapore was the largest buyer in the block transactions, acquiring 1.32 crore shares for around Rs 307.53 crore.
The analysis
This is a Promoter stake / pledge event. Promoters transact with better information than the market. Direction against the price trend is the signal — accumulation into weakness reads differently from a sale into strength.
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