American non-public fairness agency TPG Capital is prone to promote shares of Nykaa-owner FSN E-Commerce price Rs 1,000 crore ($123 million) via a block deal on Friday, based on experiences.
Citigroup is the banker to the deal, and TPG Capital is prone to promote the shares at Rs 184.55, a 0.6% low cost to Thursday’s shut worth of Rs 185.60.
As on September 30, the non-public fairness agency held 2.28% stake within the magnificence merchandise e-commerce main, knowledge on the BSE confirmed.
A number of overseas funds have been offloading stake within the firm in the previous few weeks, following
the expiry of the one-year lock-in interval for present traders.
Segantiii India Mauritius had offered shares of FSN E-Commerce price Rs 67 crore, whereas Lighthouse India Fund offered shares price Rs 525 crore.
The share worth of FSN E-Commerce has greater than halved since itemizing in November final yr.
