Compared to its closing price of 155.10 the day before, the stock opened down at 152.95. However, it quickly recovered its losses and began trading higher at 156.65. However, the stock was unable to maintain the gains and once more fell into the red. The share price was trading 2.4% lower at 151.40 at the time this text was written on the BSE. 4,60,428 shares were exchanged on the bourse, according to data on the exchange website.
In December, block deals were used to purchase shares of FSN E-Commerce Ventures from Goldman Sachs, Mirae Asset Mutual Fund, ICICI Prudential Life Insurance Company, and Canada Pension Plan Investment Board.
Goldman Sachs Investments Mauritius has bought 64,58,774 Nykaa shares at a price of u20b9171 apiece whereas Goldman Sachs (Singapore) bought 64,58,775 Nykaa shares at same price. This means, Goldman Sachs has made an investment of u20b92,20,89,00,879 or u20b9220 crore in the fashion retail brand.
A mutual fund called Mirae Asset purchased 58.50 lakh Nykaa shares. The share purchase by ICICI Prudential Life Insurance Company totaled 87.70 lakh. The 92.50 lakh shares were purchased by the Canadian pension fund. At a price of 182 rupees per share in November, Lighthouse India Fund III sold more than 1.84 crore equity shares in Nykaa, totaling about 335.72 crore.
On the other hand, BofA Securities Europe SA bought more than 7.78 lakh equity shares in Nykaa during the block deal, along with purchases from Societe Generale (9 lakh), BNP Paribas Arbitrage (about 13.50 lakh), Morgan Stanley Asia Singapore (more than 29.17 lakh), and the Ontario Teachers’ Pension Plan Board (about 34.50 lakh). The stock hit a 52-week high of u20b9348.70 on January 17, 2022 and a 52-week low of u20b9139.35 on December 23, 2022.
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