{"id":943259,"date":"2025-07-03T07:17:59","date_gmt":"2025-07-03T01:47:59","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=943259"},"modified":"2025-07-03T07:41:08","modified_gmt":"2025-07-03T02:11:08","slug":"early-nykaa-investor-to-offload-150-million-stake-via-block-deal","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/03\/early-nykaa-investor-to-offload-150-million-stake-via-block-deal\/","title":{"rendered":"Early Nykaa investor to offload $150-million stake via block deal"},"content":{"rendered":"<p>Harindarpal Singh Banga, founder of Hong Kong-based diversified conglomerate The Caravel Group, and one of Nykaa\u2019s early investors, is set to sell a 2-2.5% stake in the beauty and fashion retailer in a $150-million (around Rs 1,200\u20131,300 crore) block deal, people briefed on the matter told ET.<\/p>\n<p>Banga, who has been gradually reducing his holding, currently owns nearly 5% of Nykaa.<\/p>\n<p>The shares are being offered at a 4% discount to Wednesday\u2019s closing price of Rs 211.80 on the BSE, one of the sources said, adding that the buyers are foreign institutional investors (FIIs).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harindarpal Singh Banga, founder of Hong Kong-based diversified conglomerate The Caravel Group, and one of Nykaa\u2019s early investors, is set to sell a 2-2.5% stake in the beauty and fashion retailer in a $150-million (around Rs 1,200\u20131,300 crore) block deal, people briefed on the matter told ET. Banga, who has been gradually reducing his holding, currently owns nearly 5% of Nykaa. The shares are being offered at a 4% discount to Wednesday\u2019s closing price of Rs 211.80 on the BSE, one of the sources said, adding that the buyers are foreign institutional investors (FIIs).<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-943259","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/943259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=943259"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/943259\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=943259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=943259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=943259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}