India, Jan. 8 -- Shares of recently listed ecommerce unicorn Meesho slumped 5% to hit the lower circuit at INR 164.55 apiece on the BSE during the intraday trading today. This was the second straight session when the stock hit the 5% lower circuit.

Notably, the 30-day lock-in period for Meesho's anchor investors ended on Tuesday (January 6), following which 10.98 Cr shares of the company became eligible to trade. The lock-in period for the remaining 10.98 Cr shares of anchor investors will end on March 7.

Shares of Meesho recovered from the day's low and were trading 4.24% lower at INR 165.85 on the BSE at 14:38 IST. The stock is on track to end its third consecutive session in the red.

It is pertinent to mention that the benchmark ind...