Beauty and personal care (BPC) player- Nykaa is expected to see. a block deal worth Rs 1,200 crore. As per reports, early investor in the new-age entity, Banga Family may offload a 2.1 per cent stake.
The floor price of the deal is pegged at Rs 200 per share, a 5.5 per cent discount to the previous close.
As of now, Banga Family owns a 5 per cent stake in the company.
Nykaa share price performance
In the last one year, the stock has gained nearly 21 per cent, while its year-to-date return is at 29 per cent.
