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HomeMarketStocksMorgan Stanley and Societe Generale purchase stake in Nykaa via block deal

Morgan Stanley and Societe Generale purchase stake in Nykaa via block deal


Morgan Stanley Asia (Singapore) Pte and Societe Generale bought a stake in magnificence e-retailing entity Nykaa at this time, confirmed BSE block deal information. Morgan Stanley Asia (Singapore) Pte purchased 82,13,050 shares or 1.7% stake within the firm at a mean traded worth of Rs 186.4. On the identical worth, Societe Generale additionally purchased 26,30,000 shares, equal to 0.55% stake within the firm. This deal was at a slight low cost to the day before today’s closing worth of Rs 188.25

Additionally, TPG Development IV SF PTE, which as of September-ended quarter held 2.28% stake, bought a complete of 1,08,43,050 shares or 2.1% stake within the concern at a mean worth of Rs 186.4 per share.

Shares of

in Friday’s session ended larger by over 10% at Rs 207.85 per share on the NSE.



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