Meesho shares are under pressure on September 24.
California-based RPS Ventures sold a nearly 1% stake in the company.
The transaction was valued at approximately Rs 900 crore through BSE block deals.
RPS Ventures offloaded 3.86 crore shares at Rs 233 per share on Wednesday.
The sale followed a stock surge triggered by a UBS target price increase.
Market reaction to the stake sale led to a subsequent price drop.