Mala Gopal Gaonkar sells Rs 1,009 crore price Nykaa shares; Canada Pension Plan a purchaser

Mala Gopal Gaonkar offered Rs 1,009 crore price FSN E-Commerce Ventures (Nykaa) shares in a bulk deal on BSE, alternate information confirmed.  Canada Pension Plan Funding Board was a purchaser, lapping up Rs 299.35 crore price Nykaa shares.

Mala Gopal Gaonkar offered 5.75 crore shares at a mean of Rs 175.48 per share whereas Canada Pension Plan Funding Board purchased 1.7 crore Nykaa shares at Rs 175.25 apiece, information confirmed.

Nykaa inventory settled the day at Rs 185.55 on BSE, up 0.55 per cent.

NSE’s Thursday bulk deal information was unavailable on the time of penning this story.

Earlier on Wednesday, Lighthouse India Fund III had offered three crore FSN E Commerce Ventures (Nykaa) price Rs 525.39 crore in a bulk deal. The shares had been offered at a mean worth of Rs 175.13 apiece.

The identical fund had offered 96,89,240 Nykaa shares on November 10 at a mean worth of Rs 171.75 per share. Nykaa inventory fell 4.69 per cent to shut at Rs 183.05 on NSE. It settled at Rs 184.50 on BSE, down 3.91 per cent.

The one 12 months lock-in interval for Nykaa pre-IPO shareholders obtained expired final week on Thursday. The scrip additionally turned ex-bonus the identical day. Since then, the  scrip is seeing heavy turnover.

On Tuesday, Segantii India Mauritius offered 33,73,243 Nykaa shares at Rs 199.34 a chunk. It had purchased 37,92,489 Nykaa shares at a mean worth of Rs 171.75 on November 10.

Société Générale (26,30,000 shares) and Morgan Stanley Asia Singapore (82,13,050 shares) purchased Nykaa shares on November 11 at a mean worth of Rs 186.40 every. TPG Development IV SF PTE was the vendor. TPG Development offered 1,08,43,050 shares the identical day at Rs 186.40 apiece.

Additionally learn: Nykaa shares halt 3-session profitable run, decline 9%

Additionally learn: Nykaa bulk deal: Lighthouse India Fund sells Rs 525 crore price shares at Rs 175.13 apiece