Private Equity

Liquidity Events

Lighthouse exits Nykaa by selling shares worth Rs.525.39 Cr; registers 14x return

Stock Exchange Data  

Lighthouse, via Lighthouse India Fund III Ltd, has sold 30,000,000 equity shares (1.05% stake) at INR 175.13 per share of publicly-listed FSN E-Commerce Ventures Ltd (which owns Nykaa) on Nov 16, 2022 through a bulk deal on the BSE. The sale aggregates to INR 525.39 crore. Assuming the investor sold its residual 18,446,200 equity shares (0.65% stake) at INR 175.13 per share, the investor would have made 14x return on its investment.

From the Venture Intelligence PE-VC Deal Database: In Sep 2018, Lighthouse invested INR 112.54 crore in the target. The company went public in Nov 2021 and Lighthouse made a partial exit as part of the IPO.