Meesho Shares Plunge 5% Post Lock-in Expiry; Rs 40,000 Cr Wiped Off M-Cap

• Meesho shares dropped 5% on January 7, extending losses for the second day after its one-month shareholder lock-in period expired.
• The stock has fallen over 35% from its December high of Rs 254.40, wiping off more than Rs 40,000 crore from its market capitalization.
• Megha Agarwal, GM – Business, resigned, with Milan Partani taking over as GM – Commerce Platform.
• The lock-in expiry made 10.99 crore shares (2% equity) eligible for trading, valued at Rs 2,002.82 crore.
• Despite recent stock pressure, Meesho improved logistics (Valmo), reduced costs, and is moving closer to profitability.

Why It Matters: Meesho's stock faces pressure post lock-in expiry and profit-taking, despite underlying operational improvements.