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

Share via:

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.

Popular

More Like this

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.

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Startups weigh government nod to use Aadhaar KYC for...

Food delivery, ecommerce, ride hailers and other consumer-facing...

Acquisitions fuel Roojai’s 49% growth forecast after ‘worst year’

After overcoming a 2024 weighed down by costs,...

Traders Focused on Cardano Are Now Watching a Different...

Traders focused on Cardano are turning their attention...

Popular

Upcoming Events

Traders Focused on Cardano Are Now Watching a Different...

Traders focused on Cardano are turning their attention...

‘Improved’ Grok criticizes Democrats and Hollywood’s ‘Jewish executives’

On Friday morning, Elon Musk declared, “We have...

Startups weigh government nod to use Aadhaar KYC for...

Food delivery, ecommerce, ride hailers and other consumer-facing...
iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt iptv pt
IPTV IPTV IPTV IPTV IPTV IPTV IPTV