Nykaa Block Deal: Banga Family to Sell Nearly 2% Stake Worth $150 Million

Nykaa block deal: Banga family to sell nearly 2% stake worth $150 million

A total of 16 million shares in FSN E-commerce will change hands at a discount of 4-5 percent from July 2 levels.

Nykaa’s Early Investor Harindarpal Banga To Sell Shares Worth Nearly INR 1,300 Cr

Harindarpal Singh Banga, founder of The Caravel Group and an early investor in Nykaa, is reportedly looking to pare stake worth 2% to 2.5% in the beauty ecommerce major in a $150 Mn (about INR 1,284 Cr) block deal. According to a NDTV Profit report, Banga would sell the shares at a 4% discount to today’s closing price of INR 211.8 on the BSE. Banga held a 4.97% stake in Nykaa at the end of the March quarter of 2025, as per the company’s sharehol…

Nykaa Block Deal: Banga Family Looks To Sell $150-Million Stake — Profit Exclusive

Harindarpal Singh Banga and his family, one of the early investors in Nykaa parent FSN E-Commerce Ventures Ltd., are looking to pare stake worth $150 million, or approximately Rs 1,284 crore, via block deal, NDTV Profit learnt from persons privy to the development.The block deal is likely to be announced on Wednesday, the persons said.The stake sale will likely be at a 4% discount from the current market price.According to data on BSE, Harindarp…