Last Updated:July 03, 2025, 07:44 IST
The Banga family was one of the earliest investors in Nykaa, supporting the beauty and personal care platform back in 2014 when the company was valued at $20 million.
Shares of FSN E-Commerce Ventures Ltd, the parent company of Nykaa, are in focus today.
Nykaa Share Price: Shares of Nykaa (FSN E-Commerce Ventures Ltd) will be in focus on Thursday, June 03, on the account of likely block deal by the Banga family. Shipping tycoon Harindarpal Banga, also Harry Banga, and others are likely to sell at least 2 per cent equity stake in Indian beauty retail company.
According to MoneyControl report, a total of 16 million shares in FSN E-commerce will change hands at a discount of 4-5 per cent.
The MC report stated that the famil will sell half of its stake from over 4% stake. They will continue to hold the remaining 2-2.5 per cent stake in Nykaa.
The Banga family was one of the earliest investors in Nykaa, supporting the beauty and personal care platform back in 2014 when the company was valued at $20 million. Over eleven years, Nykaa has experienced significant growth and is now valued at around $700 million, leading to substantial gains for the Banga family.
Originally holding a 6.4 percent stake in the company, as reported by private markets data provider Tracxn, the Banga family has reduced its stake by selling shares in Nykaa. In 2024, the family, which operates The Caravel Group, a global conglomerate focused on resources trading, maritime services, and asset management, sold shares worth Rs 809 crore (approximately $90-100 million) at Rs 198 each.
Nykaa is India’s largest beauty‑and‑wellness e‑commerce platform, founded in 2012 by Falguni Nayar (former MD of Kotak Mahindra Capital).
Nykaa launched its IPO in 2021 and valued at nearly Rs 1.3 lakh on debut.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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