Page 2 - FSN E-Commerce Ventures Ltd News
Stocks to Watch Today, July 7: IndusInd Bank, RVNL, Nykaa, UltraTech Cement
Stocks to Watch today, July 7, 2025: Dabur, Senco Gold, Tata Steel, Utkarsh Small Finance Bank, Ultratech Cement, and Jubilant Foodsworks are some of the top stocks to watch today
 "Stocks to Watch Today, July 7: IndusInd Bank, RVNL, Nykaa, UltraTech Cement")
Banga family divests 2.1% stake in Nykaa's parent firm for ₹1,213 crore
Harindarpal Singh Banga and his wife Indra Banga on Thursday divested a 2.1 per cent stake in FSN E-Commerce Ventures, the parent company of fashion and beauty retailer Nykaa, through bulk deals worth Rs 1,213 crore. Following the stake sale, shares of Nykaa declined by 4 per cent to Rs 203.50 apiece on the BSE, and by 3.82 per cent to Rs 203.50 per piece on the NSE. Harindarpal Singh is a commodities billionaire and Chairman and CEO of Hong Kong-based Caravel Group. Banga was an early investor in Nykaa, which went public in 2021. As per the deal, up to 6 crore equity shares of FSN were sold at a final price of Rs 202.25 per share. This represents a discount of about 4.4 per cent to FSN's closing price of Rs 211.59 on NSE on Wednesday, as per the term sheet accessed by PTI. Goldman Sachs (India) Securities and J P Morgan India were the brokers for the deal. The transaction comprises a sale of approximately 6 crore shares amounting to around 2.1 per cent stake in FSN. At the final
 "Banga family divests 2.1% stake in Nykaa's parent firm for ₹1,213 crore")
Nykaa shares slide 5% after multiple large trades; check likely seller here
Nykaa shares fell nearly 5 per cent on Thursday after about 65.3 million shares changed hands in multiple block deals
 "Nykaa shares slide 5% after multiple large trades; check likely seller here")
Stocks to Watch Today, July 3: DMart, Nykaa, PNB, Vedanta, Enviro Infra
Stocks to Watch Today, Thursday, July 3, 2025: PNB, Indian Bank, PVR, Tata Power, Motilal Oswal, Hindustan Zinc, Escorts Kubota, Voltas, and Max Financials are some of the top stocks to watch today
Brokerages bullish on Nykaa's BPC growth, cautious on fashion outlook
Nomura described Nykaa's growth plans in the BPC segment as being "in line with our view," and highlighted the company's strong positioning in the premium beauty space.
