Magzter GOLD ile Sınırsız Olun

Magzter GOLD ile Sınırsız Olun

Sadece 9.000'den fazla dergi, gazete ve Premium hikayeye sınırsız erişim elde edin

$149.99
 
$74.99/Yıl

Denemek ALTIN - Özgür

Early backers to sell 2.1% stake in Nykaa at discount

Mint Kolkata

|

July 03, 2025

Nykaa plans to scale its physical footprint across tier-II, III cities, increasing store count from 237 to over 500 by FY30

- Priyamvada C & Sneha Shah

Arindarpal Singh Banga, along with Indra Banga, will sell a 2.1% stake worth $140.3 million (approximately ₹1,200 crore) in beauty and personal care company Nykaa through a block deal, according to a term sheet accessed by Mint.

The Bangas, among Nykaa's earliest investors, are offloading about 60 million shares at an offer price of ₹200 per share, a 5.5% discount to the latest closing price, the term sheet showed.

FSN E-Commerce Ventures Ltd, which operates Nykaa, closed a little over 2% higher at ₹211.59 on Wednesday on the NSE. The stock has gained 28.7% so far this year.

Goldman Sachs and JP Morgan are managing the transaction. Banga, Nykaa, JP Morgan and Goldman Sachs did not immediately respond to Mint's requests for comment.

Mint Kolkata'den DAHA FAZLA HİKAYE

Mint Kolkata

Equity market fails to hold gains

India’s equity benchmarks struggled to hold onto record highs on Monday as investors worried that outflows might persist amid uncertainty over a trade deal with the US.

time to read

1 min

December 02, 2025

Mint Kolkata

'Banks can't rely on service providers'

As banks worldwide double down on digital transformation, Reserve Bank of India (RBI) deputy governor Swaminathan J. has cautioned lenders that they cannot simply rely on third-party service providers for outsourced solutions.

time to read

1 min

December 02, 2025

Mint Kolkata

Mint Kolkata

Your attention is the new currency for India’s streaming apps

India’s video-streaming platforms are beginning to value deeper, higher-quality viewer engagement, with watch time and total minutes viewed becoming core indicators amid plateauing paid subscriptions.

time to read

2 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Mehli Mistry quits Ratan Tata’s Small Animal Hospital

Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.

time to read

1 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Mandatory app may trigger pushback

misuse of mobile phones in various scams.

time to read

2 mins

December 02, 2025

Mint Kolkata

Top weapon firms' revenue up 6%

The world’s biggest weapons-producing companies saw a 5.9% increase in revenue from sales of arms and military services last year as demand was fed by the wars in Ukraine and Gaza as well as countries’ rising military spending, according to a report released Monday.

time to read

1 min

December 02, 2025

Mint Kolkata

Mint Kolkata

E-tailers bank on creator content to draw shoppers

Broader selection of products and quicker delivery are no longer adequate to attract buyers

time to read

3 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Gen Z shoppers aren't spending like retailers need them to

More than other generations, 20-somethings are tightening their holiday-season budgets because of economic pressures

time to read

4 mins

December 02, 2025

Mint Kolkata

Mint Kolkata

Automakers report brisk sales in Nov, demand remains robust

With demand continuing to be strong post the festive season, leading automakers, Maruti Suzuki, Tata Motors and Mahindra & Mahindra, saw robust sales growth in November as compared to a year ago.

time to read

1 mins

December 02, 2025

Mint Kolkata

Gold soars ₹3,040 on global cues

Gold prices surged by ₹3,040 to ₹1,33,200 per 10 gm in the national capital on Monday, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association.

time to read

1 min

December 02, 2025

Listen

Translate

Share

-
+

Change font size