Meesho Shares Plunge: ₹40,000 Cr Lost, Lower Circuit for 2nd Day Amid Lock-in Expiry & GM Resignation

• Meesho shares hit the lower circuit for the second consecutive day, leading to an investor loss of over ₹40,000 crore.
• The sell-off was triggered by two main reasons: the expiry of a one-month lock-in period for 10.99 crore shares (worth ₹2,003 crore) and the resignation of General Manager (Business) Megha Agarwal.
• The e-commerce platform's stock is currently at ₹164.55 on the BSE, down 5% today, and has fallen over 35% from its record high in less than a month.
• Meesho's IPO shares were issued at ₹111, debuting at a 46% premium, and reached a record high of ₹254.65 before the recent decline.
• Despite operational improvements like enhanced logistics efficiency through Valmo and reduced COD orders, the stock faced pressure due to lock-in expiry and high valuation.

Why It Matters: Meesho's stock faces significant pressure, losing ₹40,000 Cr due to lock-in expiry and GM's resignation.