HomeStock MarketCiti will conduct a block sale of Nykaa shares for ₹1,000 crore...

Citi will conduct a block sale of Nykaa shares for ₹1,000 crore rupees: Report

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  • Citigroup has started a block bid to sell shares in the cosmetics-to-fashion store Nykaa for ₹1,000 crore.
  • TPG Capital is the seller in the block agreement, which provides a discount of up to 0.5% off the going rate.
  • Last week, Citigroup also completed a block sale of 0.6% of its shares for ₹306 crore.

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