Three entities offload FSN E-Commerce's shares worth Rs 491 crore

By Press Trust of India
November 11, 2022, Updated on : Fri Nov 18 2022 09:29:22 GMT+0000
Three entities offload FSN E-Commerce's shares worth Rs 491 crore
Lighthouse India Fund III, Mala Gopal Gaonkar and Narotam S Sekhsaria sold a total of 2,84,34,390 shares of the company, as per the bulk deal data available with the National Stock Exchange (NSE) and BSE.
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As many as three entities on Thursday offloaded shares of Nykaa's parent firm FSN E-Commerce Ventures for Rs 491 crore through open market transactions.


Lighthouse India Fund III, Mala Gopal Gaonkar and Narotam S Sekhsaria sold a total of 2,84,34,390 shares of the company, as per the bulk deal data available with the National Stock Exchange (NSE) and BSE.


The shares were disposed of at an average price of Rs 171.75-Rs 173.70 apiece, valuing the transaction size to Rs 491.35 crore.


Meanwhile, Segantii India Mauritius, Norges Bank on Account of Government Petroleum Fund and Aberdeen Standard Asia Focus Plc acquired the shares of the company.


At the end of the September quarter, Lighthouse India Fund III held 2.04%, Mala Gopal Gaonkar owned 2.40% and Narotam S Sekhsaria had 3.11% stake in the company, shareholding data showed with the exchanges.


On Thursday, shares of FSN E-Commerce Ventures closed 5.15% higher at Rs 185.80 on NSE and Rs 187.95 on BSE.


Edited by Affirunisa Kankudti

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