Nykaa Block Deal: Who’s Selling?

Key Sellers Identified Businessman Harindarpal Singh Banga and wife Indra Banga are likely sellers in the significant Nykaa block deal.

Shares on Offer The Bangas plan to sell 4.09 crore shares at ₹198 each, a 5.9% discount to the last closing price of ₹210.

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Background of Harindarpal Banga Banga, an early Nykaa investor and founder of The Caravel Group, held a 6.4% stake in the company.

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Nykaa’s Impressive Performance Nykaa’s shares have surged 27% this year, with a 62% return over the past year, according to BSE Analytics.

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Q1 FY25 Financial Highlights Nykaa reported a 152% jump in net profit to ₹13.64 crore, with revenue up by 23% to ₹1,746.11 crore.

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