SoftBank eyes 1% Meesho exit as Clean Max pledges US$6.79B in AP
What's the deal? A SoftBankDealroom has a profile for this one. Try Dealroom → affiliate, SVF II Meerkat (DE) LLC, is likely to sell a 1% stake in e-commerce firm Meesho through a block deal worth about US$159.4M, according to market buzz. The floor price has been set at US$3.34 per share — a discount of up to 3.1% to the current market price.
What else is moving? Clean Max Enviro Energy Solutions has committed US$6.79B to Andhra Pradesh to build 3GW of integrated wind, solar, and pumped-hydro generation. It signed a Memorandum of Understanding with the Andhra Pradesh Economic Development Board; the figure is a proposed investment, not a completed outlay.
The corporate actions: Zee Entertainment's board approved a buyback of up to 65.93 million shares at US$1.24 each — roughly US$81.5M, or 6.86% of paid-up capital — via the tender route. NCL Industries cleared a 130MW solar-and-wind project in Tuticorin, Tamil Nadu, approving Phase 1 of 50MW.
The earnings backdrop: The cluster of moves follows a run of Q2 results. Meesho grew revenue about 34% and narrowed its loss, while LupinDealroom has a profile for this one. Try Dealroom →'s revenue rose but profit fell 22% year on year — a reminder that headline milestones need earnings context.
Who else is in play? Lupin said partner SandozDealroom has a profile for this one. Try Dealroom → launched its biosimilar Ranibizumab, Ranluspec, across Europe excluding Germany, following European Commission approval. Indian OilDealroom has a profile for this one. Try Dealroom → supplied its first batch of Extreme Winter Grade Diesel — functional down to minus 42 degrees Celsius — to Army units in the Northeast.
And the smaller names: NBCCDealroom has a profile for this one. Try Dealroom → signed six MoUs with West Bengal's urban development department for projects including river ghat development at Howrah and Nabadwip, and redevelopment of Kolkata's College Street. At Edelweiss Financial Services, promoter and vice chairman Venkatachalam Ramaswamy resigned from the board, effective November 11, 2026.
The signal: This is a watchlist, not a single trend — results, buybacks, clean-energy bets, and a board exit landing together. The significance varies widely across the names, with investor attention weighted toward the companies posting fresh numbers.
Read more: thehindubusinessline.com
Image credit: Black Rock Solar
