Nykaa shares may boom today, TPG Capital will sell stocks worth Rs 1,000 crore

Nykaa Share Price: American private equity company TPG Capital (TPG Capital) can sell shares worth Rs 1,000 crore of Nykaa-owned company FSN E-Commerce (FSN E-Commerce) through a block deal today i.e. on 18 November. According to the reports, the banker of this deal is Citigroup and TPG Capital will sell the shares at Rs 184.55, which is 0.6 per cent less than the closing price of Nykaa shares on Thursday.

As of September 30, private equity firm TPG held 2.28 per cent stake in Nayaka Group. With the end of the one-year lock-in period for existing investors, several foreign funds have been selling stake in the company over the past few weeks. Segantiii India Mauritius sold shares of FSN E-Commerce worth Rs 67 crore. At the same time, Lighthouse India Fund has sold shares worth Rs 525 crore.

The listing of shares of Fason E-Commerce (Nykaa) took place in November last year. Since then till now its stocks have lost up to 50 per cent.

There was a block deal in Nykaa shares last week as well.

Last week also there was a block deal in Nykaa’s shares. Shares of the company worth about Rs 306 crore were sold. Under this deal, 1.76 lakh shares were bought and sold at Rs 172 per share.

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Nykaa shares have lost more than 25 percent in 6 months

Nykaa’s shares had closed at Rs 184.50 on Thursday. It touched a high of Rs.189.35 and a low of Rs.183 during the day’s trade. Nykaa’s shares have lost more than 25 percent in a span of 6 months.

Nayaka has a market cap of Rs 52,849.76 crore.

The market cap ie market capitalization of Nykaa is Rs 52,849.76 crore. Its turnover is Rs 1,150.69 crore. In the September quarter, the company has registered a profit of Rs 5.19 crore. Talking about consolidated revenue, it was Rs 1,230.80 crore in the September quarter.

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