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Lexdale international to offload Nykaa shares worth INR 490 Cr

Inc42 · 1y ago

Lexdale international to offload Nykaa shares worth INR 490 Cr

Lexdale International is planning to sell 2.62 crore shares of Nykaa, the beauty ecommerce giant, through open market transactions. The deal, managed by brokerage firms Morgan Stanley and JP Morgan, is expected to be valued at INR 490 crore. Nykaa has experienced consistent growth across its business verticals, with its beauty and personal care arm projected to grow by mid-twenties in terms of gross merchandise value.

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Block Deal: Nykaa slumps over 2% after 2.7 Cr shares change hands; Lexdale likely seller

Inc42 · 1y ago

Block Deal: Nykaa slumps over 2% after 2.7 Cr shares change hands; Lexdale likely seller

Shares of FSN E-commerce, the parent company of beauty ecommerce platform Nykaa, experienced a 2.5% decline as 2.7 crore shares were traded in a block deal. The deal, valued at INR 516 crore, represented a 0.9% stake in the company. The details of the buyers and sellers involved in the deal have not been disclosed. Earlier, Lexdale International had expressed its intent to sell 2.62 crore shares of Nykaa through open market transactions. Despite challenges faced in 2023, Nykaa's shares have seen a surge of over 24% in the past year.

Zomato sees INR 1,127 Cr block deal, SoftBank likely seller

Inc42 · 1y ago

Zomato sees INR 1,127 Cr block deal, SoftBank likely seller

In a recent block deal, around 1.06% stake or 9.35 Cr shares of Zomato were exchanged, fetching a total transaction value of INR 1,127 Cr. The buyers and sellers in the deal remain undisclosed. Japanese tech investor SoftBank's SVF Growth is also reportedly looking to offload another 1.1% stake in Zomato, worth $135 Mn. Zomato shares were trading at INR 123.6 apiece, showing a 1.3% increase from its previous close.

Honasa consumer sees INR 238 Cr block deal, stocks tank after early gains

Inc42 · 1y ago

Honasa consumer sees INR 238 Cr block deal, stocks tank after early gains

Honasa Consumer Ltd, the parent company of direct-to-consumer brands Mamaearth and The Derma Co, witnessed a block deal resulting in the exchange of around 2% stake or 62.90 lakh shares. The deal, worth INR 238 crore, occurred after market opening, causing the company's shares to trade at INR 379 apiece on the BSE, down 1% from the previous day's closing price. This follows reports of venture capital firm Fireside Ventures planning to offload a 1.9% stake in Honasa Consumer.

Peak XV, Bisque, link to offload ₹583 cr stake in Awfis

Inshorts · 8m ago

Peak XV, Bisque, link to offload ₹583 cr stake in Awfis

VC major Peak XV Partners, Mauritius-based investment firm Bisque Limited, and Delhi-based Link Investment Trust reportedly plan to offload Awfis' shares worth ₹583 crore. Citing sources, CNBC-TV18 reported that the three investors will together offload a 12.2% stake, or 85.8 lakh shares, in the flexible workspace solutions company via a block deal.

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Inc42 · 1y ago

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Canadian Pension Plan Investment Board (CPPIB) has sold its remaining 3.18% stake in logistics company Delhivery for INR 910 Cr. In another deal, ICICI Prudential Mutual Fund India purchased shares sold by beauty e-commerce major Nykaa. CPPIB sold over 1.47 Cr shares of Nykaa for INR 256.4 Cr in a block deal at a price of INR 174.04 per share.

March Capital Offloads CarTrade Shares Worth Over INR 70 Cr In Bulk Deals

Inc42 · 1y ago

March Capital Offloads CarTrade Shares Worth Over INR 70 Cr In Bulk Deals

March Capital, a pre-IPO shareholder of CarTrade Technologies, offloaded around 950,000 shares of the company in bulk deals worth over INR 70 crore. Spritefield Venture International sold 632,000 shares, while MCP3 SPV sold 316,000 shares. CarTrade's shares fell 2.8% despite ICICI Prudential Mutual Fund purchasing 677,000 shares in bulk deals. In its Q3 FY24 report, CarTrade reported a net loss of INR 23.5 crore, primarily due to the closure of the OLX business division. However, the operating revenue increased by over 42% to INR 138.6 crore.

Nykaa’s Early Investor Harindarpal Banga To Sell Shares Worth Nearly INR 1,300 Cr

Inc42 · 1m ago

Nykaa’s Early Investor Harindarpal Banga To Sell Shares Worth Nearly INR 1,300 Cr

Harindarpal Singh Banga, an early investor in Nykaa, plans to sell shares worth $150 million (nearly INR 1,300 crore) in the ecommerce company. Banga, who held a 4.97% stake at the end of March 2025, previously sold a significant portion of his shares post-Nykaa's IPO in 2021. This decision comes amidst Nykaa's improving financial performance, with a reported 110% net profit increase in Q4 FY25 and a stock price rise over 20% year to date.

Nykaa To Raise INR 125 Cr Debt Funding From FPI

Inc42 · 1y ago

Nykaa To Raise INR 125 Cr Debt Funding From FPI

Beauty ecommerce company, Nykaa, has announced plans to raise INR 125 crore (approximately $15 million) through non-convertible debentures from an undisclosed foreign portfolio investor. The company's board has approved the issuance of up to 12,500 NCDs with a face value of INR 1 lakh each. As of Tuesday morning, FSN E-Commerce Ventures, the parent company of Nykaa, saw its shares trading at INR 177.30, marking a 1.3% increase from the previous close.

Peak XV, Others Dump Honasa Shares Worth INR 1,602 Cr

Inc42 · 11m ago

Peak XV, Others Dump Honasa Shares Worth INR 1,602 Cr

In a recent transaction, Peak XV Ventures sold 1.23 crore shares worth INR 610.98 crore, while Sequoia Capital Global offloaded 28.71 lakh shares worth INR 142.12 crore. Morgan Stanley and ICICI Prudential acquired these shares for INR 119.67 crore and INR 142.49 crore, respectively. The startup's shares experienced a 5.48% dip on the BSE after reaching a record high of INR 546.5 earlier in the week.

Wakefit Files Draft Papers For INR 468 Cr IPO

Inc42 · 1m ago

Wakefit Files Draft Papers For INR 468 Cr IPO

Wakefit, a D2C furniture and mattress startup, has filed a draft red herring prospectus with SEBI to raise INR 468 crore through a fresh issue of shares. The IPO will also include an offer for sale of up to 5.8 crore equity shares. Wakefit's promoters and investors, including Peak XV, Redwood Trust, and Verlinvest, plan to offload shares. This move is part of Wakefit's strategy to further its growth in the ecommerce space.

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