Nykaa block deal: Founders offload shares worth Rs 1,200 crore;...

Dununu.com Dununu

Sponsorluk

Nykaa block deal: Founders offload shares worth Rs 1,200 crore; stock falls 4.5%

RSS Feed Business

Posted

35

Nykaa's shares experienced a dip following a significant block deal. Early investors Harindarpal Singh Banga and Indra Banga planned to sell part of their holdings. The transaction involved approximately 6 crore shares. Global investment banks oversaw the sale. Nykaa is aiming for its fashion segment to break even by FY26.

Read Full Article

Please log in to like, share and comment!

Make J&K dry like Gujarat: Hurriyat leader Mirwaiz

By 0 6

UAE’s new Dirham symbol starts appearing on store signage and online retail platforms

The UAE’s new dirham symbol, introduced in March 2025, is now actively used across digital...

By 0 12

Flash floods hit Texas Hill Country: Multiple dead, dozens rescued in overnight deluge; emergency ops underway

Devastating flash floods in Texas Hill Country, triggered by torrential rains, have claimed...

By 0 12

New NHS plan will slash foreign recruits from 34% to less than 10% of workforce

UK Prime Minister Keir Starmer has revealed plans to drastically reduce the NHS's reliance on...

By 0 12

'Will turn you straight': Indian gay man in Canada faces deportation, says he's already receiving homophobic messages on social media

By 0 31