Money Street News


FSN E-Commerce Ventures (Nykaa) stock witnessed a sharp fall on Thursday after Banga family offloaded a 2.1 per cent stake in the company.

Harindarpal Singh Banga and his wife Indra Banga offloaded stake valued at ₹1,213.5 crore. The sale involved approximately 6 crore equity shares, executed at a final price of ₹202.25 per share, a 4.4 per cent discount to the previous day’s NSE closing of ₹211.59, per the term sheet accessed by PTI.

Goldman Sachs (India) Securities and JP Morgan India were the brokers for the transaction.

Nykaa recently completed the second tranche of investments in Earth Rhythm Private Limited (ERPL), resulting in ownership of 75.83 per cent of the issued and paid-up share capital of ERPL.

In Q4 FY25, Nykaa’s consolidated net profit more than tripled to ₹20.28 crore, up from ₹6.93 crore in the same period the previous year. Its revenue from operations rose 23.6 per cent y-o-y to ₹2,061.76 crore, compared to ₹1,667.98 crore in Q4 FY24.

The stock traded 4.06 per cent lower on the BSE as at 2.22 pm at ₹203.20, hitting a low of ₹201 against the previous close of 211.80.

Published on July 3, 2025



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