Milan Partani, General Manager, User Growth and Content Commerce of Meesho will now assume the role of General Manager, Commerce platform
Senior management personnel of Meesho, Megha Agarwal who is the General Manager of Business at the company has decided to move on. The company said that she has tendered here resignation from the services on Wednesday.
Agarwal reported directly to the founder and Chief Executive Officer (CEO) Vidit Aatrey and had joined the company in 2019. She was elevated to lead Meesho’s growth function in 2022, as per the reports. She took over the role of general manager-business 2023.
The company has informed that Milan Partani, General Manager, User Growth and Content Commerce and senior management personnel (SMP) of Meesho will now assume the role of General Manager, Commerce platform. Partani continues to be SMP of the company, Meesho said in a regulatory filing.
Shares of newly listed ecommerce firm Meesho declined by as much as 5 per cent in early trade on Wednesday, 7 January, tracking the expiry of the company’s one-month shareholder lock-in period.
Data from Nuvama Alternative and Quantitative Research showed that nearly 109.9 million shares, representing around 2 per cent of Meesho’s outstanding equity, became eligible for trading following the lock-in expiration.Based on the stock’s closing price on Tuesday, the unlocked shares are valued at approximately Rs 1,997 crore.
Market participants note that the end of the lock-in period does not automatically translate into selling pressure, as it merely allows shareholders the option to trade their holdings in the open market.
