Sunday, November 27, 2022
Google search engine
HomeMarketStocksLighthouse to sell Rs 335 crore worth of Nykaa shares

Lighthouse to sell Rs 335 crore worth of Nykaa shares


Lighthouse India will promote shares price Rs 335 crore of by way of block deal tomorrow at a worth band of Rs 180- 183.50 per share.

The Bank of America Corporation is banker to the deal.

After the lock-in expiry earlier within the month, a variety of pre-IPO traders have been liquidating the securities held by them. NRI investor Mala Gopal Gaonkar had final week bought 5.75 crore shares of Nykaa at a mean worth of Rs 175.48 in a deal price Rs 1,009 crore.

Lighthouse India Fund-III had earlier bought shares in Nykaa price Rs 525 crore. Different sellers previously have included Segantiii India Mauritius and American non-public fairness agency TPG.

Nykaa inventory, which closed 4.62% decrease at Rs 183.55 on BSE at this time, is down over 57% from its 52-week excessive.



Source link

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments