Lighthouse Private Equity is reportedly planning to sell Nykaa shares worth INR 335 Cr in block deals

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Lighthouse Private Equity is reportedly planning to sell Nykaa shares worth INR 335 Cr in block deals

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.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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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.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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