TPG Capital offloads FSN E-Commerce Ventures shares worth Rs 1000 crore; Nykaa’s stock surges over 4%

Representational symbol. News18

American funding corporate TPG capital bought over 5.4 crore shares of Nykaa’s mum or dad corporate, FSN E-Commerce Ventures, in a block deal lately, 18 November. The shares of the corporate opened 4 consistent with cent upper to Rs 189.55 apiece on BSE after the block deal. At 12:58 pm, the stock used to be priced at Rs 192.25 at the BSE. The banker to the deal used to be Citigroup and the deal supplied a bargain of 0.5 consistent with cent. This building comes after the lock-in expiry for pre-IPO traders in Nykaa ended on 10 November. The pre-IPO securities held by way of the traders and the promoters can’t be liquidated by way of them all the way through the lock-in duration. The corporate had engaged in more than one block offers previous this week.

In a up to date building, Lighthouse India Fund III offloaded the shares of FSN E-Commerce Ventures on Wednesday thru open marketplace transactions. Lighthouse India Fund III has bought over 3 crore shares of the corporate worth Rs 525 crore. Segantii India Mauritius additionally offloaded 33.7 lakh shares of the company on Tuesday. Hermes Funding Budget Public Ltd Co Emum purchased 25.8 lakh shares of FSN E-Commerce Ventures. In a similar fashion, Canada Pension Plan Funding Board (CPPIB) bought over 1.70 crore shares of the company for Rs 299 crore by way of an open marketplace transaction on Thursday.

FSN E-Commerce Ventures offers with the producing, distribution, and promoting of goods associated with good looks, private care, well being care, wellness, hair care, health, skincare, model clothes, and model equipment and kit.

It distributes the goods by way of each on-line portals and bodily shops. Its offline retail retailer channel accommodates 73 bodily retail shops. Out of which, 72 shops are for good looks and private care merchandise, and 1 retailer offers with model merchandise throughout 38 towns in India. The net portals it makes use of for distribution are e-commerce, Web, m-commerce, and intranet.

The 3 forms of retail shops operated beneath the corporate are Nykaa Luxe, Nykaa OnTrend, and Nykaa Kiosk. The manufacturers owned by way of the company come with Nykaa Naturals, Kay Good looks, Nykaa Cosmetics, Twenty Attire, Nykd, and Pipa Bella. Nykaa E-Retail Personal Restricted, FSN Manufacturers Advertising Personal Restricted, and Nykaa Model Personal Restricted are a few of its subsidiaries.

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