Other Deals - Listed Firms
Banga family sells 2.1% in beauty retailer Nykaa for Rs.1,213-Cr
Chairman and CEO of Hong Kong-based Caravel Group Harindarpal Singh Banga and his wife Indra Banga have sold 2.1% stake for INR 1,213 crore in FSN E-Commerce Ventures, the parent company of fashion and beauty retailer Nykaa .The duo sold 6,00,000,00 equity shares at INR 202.25 per share through a bulk deal. Post this transaction, the stake of Harindarpal reduces to 2.87 % from 4.97%.Goldman Sachs (India) Securities and JP Morgan India were the brokers for the deal.
Between Jul-15 and Nov-22, Nykaa had attracted about USD 237.70-M from Techpro Ventures, TVS Capital, Hero Enterprises, Sharrp Ventures, Max Ventures, Lighthouse, TPG Growth, Steadview Capital, CPPIB, others.For FY24, Nykaa had reported about INR 6,385.63 Cr in Operating Income and about INR 39.75 Cr in PAT.
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