Banga Family Trims Nykaa Bet: ₹1,284 Cr Block Deal in the Works

Unknown Apr 02, 2026 1,100 Views

India’s Banga family, early backers of FSN E-Commerce Ventures Ltd (Nykaa), is preparing to offload a significant portion of its stake via a block deal valued at ₹1,284 crore. The transaction, expected to be executed at a 4–5% discount to Nykaa’s July 2 closing price of ₹211.80,...