Meesho to infuse up to Rs 100 crore in lending arm MPPL

E-commerce firm Meesho's board has approved a significant investment of up to Rs 100 crore in its payments subsidiary, Meesho Payments Private Limited. This capital infusion is planned through share subscriptions, including a rights issue. The funds will bolster MPPL's operations and growth. This strategic move aims to enhance MPPL's capacity to meet regulatory demands and expand its services.