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TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday

American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal

A Nykaa store in New Delhi, India
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A Nykaa store in New Delhi, India

BS Web Team New Delhi
Citigroup has launched a block deal to sell shares of cosmetics-to-fashion retailer Nykaa worth Rs 1,000 crore ($125 million), reported CNBC Awaaz.

This comes days after the lock-in expiry for pre-IPO investors in the cosmetics-to-fashion company came to an end. The lock-in period for Nykaa shares expired on November 10. During the lock-in period, promoters and investors cannot liquidate the pre-IPO securities held by them.

American private equity firm TPG Capital is the seller in the block deal, and the deal provides a discount of up to 0.5 per cent from the going rate. On November 17, Nykaa's shares on the

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