• Stock in focus: Goldman Sachs invests ₹220 crore in FSN E-Commerce Ventures Ltd
Nykaa stock is expected to be in focus today after some large investors will buy stake in the company through a block deal executed on 15th December 2022. As per the bulk deal news available on BSE website, there has been fresh buying by big ticket investors belonging to FPI and DII category. A stake in a digital retail fashion company. Goldman Sachs, Mirae Asset Mutual Fund, ICICI Prudential Life Insurance Company and Canada Pension Plan Investment Board have bought stake in FSN E-Commerce Ventures Ltd, according to BSE block deal details.
Goldman Sachs buys stake in Nykaa
Goldman Sachs Investments Mauritius bought 64,58,774 Nykaa shares at a price of ₹171 per share, while Goldman Sachs (Singapore) bought 64,58,775 Nykaa shares at the same price, according to the block deal details available on the official website of BSE. This means Goldman Sachs has invested ₹2,20,89,00,879 or ₹220 crore in the fashion retail bran d.
Mirae Asset Mutual Fund Deals
Mirae Asset Mutual Fund has bought 58.50 lakh Nykaa shares, details of which are available on the official website of BSE - bseindia.com. Domestic Institutional Investors (DIIs) bought these shares through bulk deal on Thursday by paying ₹171 per share. This means that the mutual fund company has invested ₹1,00,03,50,000 or approximately ₹100 Crore in FSN E-Commerce Ventures Ltd.
ICICI Prudential Life Insurance Company holding
ICICI Prudential Life Insurance Company bought 87.70 lakh Nykaa shares on Thursday, according to the block deal details available on BSE website. DII bought these shares by paying ₹171 per share. This means, ICICI Prudential Life Insurance Company has invested ₹1,49,96,70,000 or approximately ₹150 crore in the retail fashion brand.
Canada Pension Plan Investment Board's stake in Nykaa
Canada's pension fund has bought 92.50 lakh Nykaa shares through a block deal on Thursday. Canadian FIIs bought these shares by paying ₹171 per share. This means, Canada Pension Plan Investment Board invested ₹1,58,17,50,000 or approximately ₹158 Crore in FSN E-Commerce Ventures Limited.
Nykaa share price history
Nykaa share price has been under heavy selling pressure since its listing in the Indian markets. In YTD time, this fashion stock has lost more than 50 per cent on NSE as it has slipped from around ₹347 to ₹171 level in this time.
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