- According to two block deals on Friday, over 54.2 million shares, or 1.9% of Nykaa parent company FSN E-Commerce Ventures, were exchanged.
- After that, the company’s stock rose as much as 4% to ₹192.75 per share.
- On behalf of TPG Capital, Citigroup started a block bid to sell shares of Nykaa valued Rs. 1,000 crore.
- Stock on the NSE was up 3.10% at 10:45 a.m.
After 54 million shares were exchanged in two block agreements, Nykaa’s stock increased by 4%.
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