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

November 21, 2022

, By Sarika Parmar

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

November 21, 2022

, By Sarika Parmar

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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

The Centre unveiled a framework to combat deceptive and fake reviews on ecommerce platforms

Next News

B2B tech platform Grinta raised $8 million in SEED co-led by Raed Ventures and Nclude

More like this

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