scorecardresearchNykaa Share Sale: Kravis Investment Partners II sells 3.67 crore shares for ₹629 crore

Nykaa Share Sale: Kravis Investment Partners II sells 3.67 crore shares for 629 crore

Updated: 16 Dec 2022, 08:13 AM IST
TL;DR.
As many as 3.67 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were sold by Kravis Investment Partners II LLC in five tranches at a price of 171 apiece, as per data from the BSE.
New Delhi, India – November 9, 2022: Falguni Nayar, Founder and CEO of Nykaa, during the Hindustan Times Leadership Summit, in New Delhi, India, on Wednesday, November 9, 2022. (HT Photo)

New Delhi, India – November 9, 2022: Falguni Nayar, Founder and CEO of Nykaa, during the Hindustan Times Leadership Summit, in New Delhi, India, on Wednesday, November 9, 2022. (HT Photo)

(PTI) Kravis Investment Partners II LLC on Thursday offloaded shares of e-commerce beauty company Nykaa for a little over 629 crore through open market transactions.

As many as 3.67 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were sold by Kravis Investment Partners II LLC in five tranches at a price of 171 apiece, as per data from the BSE.

The total value of the transaction aggregated to 629.06 crore.

These shares were acquired by Mirae Asset Mutual Fund, Goldman Sachs Investments Mauritius I Ltd, Goldman Sachs (Singapore) Pte - ODI, Canada Pension Plan Investment Board and ICICI Prudential Life Insurance Company.

Shares of FSN E-Commerce Ventures closed 1.13 per cent lower at 170.65 per piece on BSE. 

First Published: 16 Dec 2022, 08:13 AM IST