BAJAJ BROKING
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
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
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.
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 |
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
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading