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Lighthouse India Fund III sells 18.4 mn shares of Nykaa worth Rs 336 cr

On Tuesday, shares of the company closed 4.55 per cent lower at Rs 175.20 per piece on BSE

Nykaa | Lighthouse India | BSE stocks

Press Trust of India  |  New Delhi 


Fund III on Tuesday offloaded shares of e-commerce beauty company for nearly Rs 336 crore through an open market transaction.

Fund III sold 1.84 crore shares in ten tranches at an average price of Rs 182 apiece, as per the block deal data available with the BSE.

The total value of the transaction is Rs 335.72 crore.

These shares were acquired by ICICI Prudential Mutual Fund (MF), Aditya Birla Sun Life MF, BNP Paribas Arbitrage, Morgan Stanley Asia Singapore Pte and Ontario Teachers Pension Plan Board, among others.

The stock of Nykaa, which got listed on the bourses last November, is in focus as the mandatory lock-in period for pre-offer investors came to an end on November 10.

On Tuesday, shares of the company closed 4.55 per cent lower at Rs 175.20 per piece 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.)

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First Published: Tue, November 22 2022. 21:11 IST