Archive · 2 Jul 2025
Nykaa Stake Sale: Bangas to Sell 2.1% in Block Deal
Imagine someone who invested in Nykaa, a beauty and personal care company.
Now, they are selling a small part of their shares for a lot of money, about $140 million!
They're selling these shares at a slightly cheaper price than the current market value.
This company, which sells makeup and other beauty items, made much more money recently compared to last year.
They are also planning to open more physical stores in smaller cities and work with influencers to help people discover their products.
This is a sign of their growth.
Harindarpal Singh Banga and Indra Banga are selling a 2.1% stake in Nykaa.
The sale is worth $140.3 million, approximately ₹1,200 crore.
Around 60 million shares will be sold at ₹200 per share, a 5.5% discount.
Goldman Sachs and JP Morgan are managing the transaction.
Nykaa's net profit nearly tripled to ₹20.28 crore in the last quarter.
- Who
- Harindarpal Singh Banga and Indra Banga are selling the shares.
- What
- Harindarpal Singh Banga is selling a 2.1% stake in Nykaa.
- When
- The sale is happening now.
- Where
- In the stock market.
- Why
- The reason for the sale is not mentioned.
- Seller
- Harindarpal Singh Banga, Indra Banga
- Stake Sold
- 2.1%
- Value of Sale
- $140.3 million (approx. ₹1,200 crore)
- Shares Sold
- Approx. 60 million
- Offer Price
- ₹200 per share
- Discount
- 5.5%
- Managing Firms
- Goldman Sachs and JP Morgan