FSN E-Commerce Ventures (Nykaa) inventory witnessed a pointy fall on Thursday after Banga household offloaded a 2.1 per cent stake within the firm.
Harindarpal Singh Banga and his spouse Indra Banga offloaded stake valued at ₹1,213.5 crore. The sale concerned roughly 6 crore fairness shares, executed at a last worth of ₹202.25 per share, a 4.4 per cent low cost to the day gone by’s NSE closing of ₹211.59, per the time period sheet accessed by PTI.
Goldman Sachs (India) Securities and JP Morgan India had been the brokers for the transaction.
Nykaa just lately accomplished the second tranche of investments in Earth Rhythm Personal Restricted (ERPL), leading to possession of 75.83 per cent of the issued and paid-up share capital of ERPL.
In This autumn FY25, Nykaa’s consolidated web revenue greater than tripled to ₹20.28 crore, up from ₹6.93 crore in the identical interval the earlier 12 months. Its income from operations rose 23.6 per cent y-o-y to ₹2,061.76 crore, in comparison with ₹1,667.98 crore in This autumn FY24.
The inventory traded 4.06 per cent decrease on the BSE as at 2.22 pm at ₹203.20, hitting a low of ₹201 in opposition to the earlier shut of 211.80.
Printed on July 3, 2025
