Nykaa block deal: Public shareholder sells 1.43% stake in FSN E-Commerce Ventures for ₹851 crore

Nykaa block deal: A public shareholder of FSN E-Commerce Ventures Ltd, which owns the beauty and personal care brand Nykaa offloaded a 1.43 per cent stake in the company for ₹851 crore in an open market transaction on Friday, August 23.

According to the bulk deal data available on the BSE, Harindarpal Singh Banga divested over four crore shares, or 1.43 per cent stake, in Nykaa at ₹208.30 apiece, taking the transaction value to ₹851.50 crore. After the stake sale, Banga’s shareholding in Nykaa has come down to 4.97 per cent from 6.40 per cent.