Nykaa Share Price: On Tuesday, November 22, 2022, Lighthouse India, another private equity investor who bought Nykaa shares in the pre-IPO placement, is going to sell Nykaa shares in a block deal. Lighthouse India will sell shares of about Rs 335 crore in a block deal. It is believed that the private equity investor will sell Nykaa shares in a block deal between the price band of Rs 180 to Rs 183.5 at a discount rate of 2 per cent from Monday’s closing price. Bank of America is acting as the broker for this deal.
According to reports, Lighthouse is going to sell 1.8 crore shares of Nykaa, which is 0.65 per cent stake in the company. Earlier, Lighthouse India Fund III sold 96.89 lakh shares at Rs 171.75 and 3 crore shares at Rs 175.13. On Friday, November 18, 2022, TPG Growth sold Nykaa shares worth Rs 1000 crore in a block deal. TPG Growth had sold about 5.42 crore shares in a block deal at Rs 184.55 per share. Despite this block deal, there was a rise in Nykaa’s stock on Friday.
On November 10, 2022, the lock-in period for investors investing in Nykaa shares in the pre-IPO round was over. After which big investors are continuously selling Nykaa’s shares. It is believed that after the end of this period, 67 percent stake of Nykaa will come out of the lock-in period.
Investors are continuously selling after the end of the lock-in period of new tech companies listed in the stock market in 2021. It started with Zomato. Which has been seen with Nayaka. Something similar is happening with the stocks of Paytm, Delhivery and Policybazaar.
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