Lighthouse Private Equity is reportedly planning to sell Nykaa shares worth INR 335 Cr in block deals. According to the report, the shares would be offered at a 2% discount to their Monday closing price of INR 183.55.
Bank of America Corporation (BofA) has been appointed as the deal’s banker. Lighthouse India Fund III Limited sold 3 crore Nykaa shares worth INR 252.4 crore in a bulk transaction last week. Following the expiration of the lock-in period for Nykaa’s pre-IPO investors, Lighthouse also sold shares of the beauty ecommerce platform in the last two weeks. Several other pre-IPO Nykaa investors, including TPG Capital and Mala Gopal Gaonkar, aggressively sold their stakes in the startup.