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Nykaa Investors to Offload Rs. 1,200 Crore Stake in Secondary Block Deal

Synopsis:

Harindarpal Singh Banga and Indra Banga will offload 60 million shares in FSN E-Commerce Ventures Ltd through a Rs. 1,200 crore block deal at Rs. 200 per share, marking a 2.1% stake sale in the company.


FSN E-Commerce Ventures Ltd, the parent company of Nykaa, is set to witness a large secondary stake sale as early investors Harindarpal Singh Banga and Indra Banga prepare to offload shares worth up to Rs. 1,200 crore on Indian stock exchanges. The sale is expected to be executed through a block deal mechanism on 3 July 2025, with settlement scheduled for the following day.

Also read: Aurobindo Pharma Gets EU Nod for Dazublys Trastuzumab Biosimilar

FSN E COMMERCE VENTURES

Trade

202.31-9.27 (-4.38 %)

Updated - 03 July 2025
205.50day high
DAY HIGH
201.00day low
DAY LOW
59581827
VOLUME (BSE)

Key takeaways

  • Stake sale worth Rs. 1,200 crore via block deal on 3 July

  • 60 million shares representing 2.1% of total equity to be offloaded

  • Offer price set at Rs. 200 per share, a 5.5% discount to last traded price

  • Lock-up period of 45 days imposed on sellers and affiliates

  • Books close by 7:30 am on the trade day

Also read: Nestle India Adds New Maggi Line at Sanand Plant with Rs. 105 Crore Capex

Details of the block deal structure

The deal involves the sale of up to 60 million shares, accounting for approximately 2.1% of FSN E-Commerce Ventures Ltd’s total shareholding. The offer floor price is fixed at Rs. 200 per share, marking a discount of nearly 5.5% to the last traded price of Rs. 211.59 on 2 July.

This is a 100% secondary transaction, and no fresh equity will be issued. As a result, the entire proceeds from the block deal will go to the selling shareholders.

Offer summary

Details

Data

Stake to be sold

2.1% of total equity

Number of shares

60 million

Offer floor price

Rs. 200 per share

Last traded price (2 July)

Rs. 211.59

Total deal value

Up to Rs. 1,200 crore

Lock-up period

45 days post-transaction

Participation and settlement terms

Only institutional investors will be eligible to participate, with retail clients excluded. Foreign portfolio investors may also be allotted shares subject to regulatory limits. The book-building process will be completed by 7:30 am on 3 July, and final pricing will be determined through a screen-based bidding mechanism.

Standard restrictions apply, with distribution barred in the US and Canada except to authorised institutional investors. Participating investors are required to submit a representation letter to confirm eligibility.

The move marks a strategic monetisation effort by early stakeholders amid growing interest in India’s digital-first consumer brands. With FSN E-Commerce Ventures Ltd share price recovering modestly in recent months, institutional investors are expected to show interest in the offering.

As the transaction unfolds, investors will closely track FSN E-Commerce Ventures Ltd share price to gauge the market’s response to the deal. Future movements in FSN E-Commerce Ventures Ltd share price may reflect both the post-deal supply dynamics and broader sentiment towards consumer-tech stocks.

Also read: Indian Overseas Bank Gets Shareholder Nod to Raise Rs. 4,000 Crore

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