Nykaa Share Price: US investment firm TPG Capital on Friday sold 5.4 crore shares or 1.9 percent equity of FSN E-Commerce Ventures, the parent company of fashion and cosmetics e-retailer Nykaa, in a block deal. Citigroup was the designated banker for the deal.
The development comes days after the lock-in expiration for pre-IPO investors in Nykaa came to an end. On November 10, the lock-in period of shares of the cosmetics-to-fashion retailer expired. The promoters and investors cannot liquidate the pre-IPO securities they hold during the lock-in period.
There have been multiple bulk deals in Nykaa since the lock-in expired.
Earlier this week, shares of the online retailer switched hands in multiple block deals. As per the exchange data, Segantii India Mauritius sold 33.7 lakh shares of the company on Tuesday while Hermes Investment Funds Public Ltd Co Emum was the buyer in the big trade and bought 25.8 lakh shares.
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