 "CPPIB buys shares of FSN E-Commerce Ventures worth Rs 299 crore")
Canada Pension Plan Investment Board (CPPIB) on Thursday bought over 1.70 crore shares of Nykaa's parent company FSN E-Commerce Ventures for Rs 299 crore through an open market transaction.
CPPIB purchased a total of 1,70,81,850 shares of the company, as per bulk deal data available with the BSE.
The shares were acquired at an average price of Rs 175.25 apiece, taking the aggregate value to Rs 299.35 crore.
Meanwhile, Mala Gopal Gaonkar disposed a total of 5.75 crore shares of the company.
The company's stock is in focus as the mandatory lock-in period for pre-offer investors came to an end on November 10.
On Thursday, shares of FSN E-Commerce Ventures closed 0.57 per cent higher at Rs 185.55 on BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app