On Tuesday, private equity firm Lighthouse India sold 18.44 million equity shares worth of Rs 336 crore of FSN E-Commerce Ventures through a block deal.
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Lighthouse India Fund III on Tuesday offloaded shares of e-commerce beauty company Nykaa for nearly Rs 336 crore through an open market transaction. Lighthouse India 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.
The FSN E-Commerce Ventures, that runs the fashion and beauty platform Nykaa, announced the resignation of its chief financial officer (CFO) Arvind Agarwal today on November 22
Since Nov 10, when the stock price of Nykaa turned ex-bonus and the lock-in period ended, investors as well as private equity firms have offloaded around 181 million equity shares
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Private equity player TPG Growth on Friday sold shares of e-commerce beauty company Nykaa for more than Rs 1,000 crore. As many as 5.42 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were offloaded at a price of Rs 184.55 apiece through a block deal, as per data from the National Stock Exchange (NSE). The total value of the transaction is a little over Rs 1,000 crore, the data showed. These shares were acquired by various entities, including Societe Generale, HSBC Indian Equity Mother Fund and Goldman Sachs (Singapore) Pte, among others. The stock of Nykaa, which got listed last November, is in focus as the mandatory lock-in period for pre-offer investors came to an end on November 10. Shares of the company rose more than 3 per cent to close at Rs 192 apiece on the NSE on Friday.
CLOSING BELL: The S&P BSE Sensex ended with a marginal loss of 88 points, while the Nifty held the 18,300-level on Friday.
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American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal
Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic
30 million shares of FSN e-commerce Ventures, the parent company of the beauty products retailer Nykaa, were sold by the investor on November 10 as the lock-in period ended
At 09:15 am, around 30.62 million shares changed hands on the BSE, the exchange data showed
The biggest shareholders in One97 Communications Ltd., Paytm's parent company, are Alibaba Group Holding Ltd. and its fintech affiliate Ant Group Co., as well as Japan's SoftBank Group Corp
FSN E-Commerce Ventures (Nykaa) issued a 5:1 bonus issue around the time the one-year lock-up for its pre-initial public offering (IPO) investors ended
Further gains in margins and growth acceleration in the fashion section are potential triggers
Shares of new-age tech companies like Nykaa, Paytm and Zomato have fallen up to 68% from their listing prices. As they struggle with profitability, should investors keep these stocks on radar?