Mala Gopal Gaonkar sells Rs 1,009 crore worth Nykaa shares; Canada Pension Plan a buyer

Mala Gopal Gaonkar sells Rs 1,009 crore worth Nykaa shares; Canada Pension Plan a buyer

Mala Gopal Gaonkar sold 5.75 crore shares at an average of Rs 175.48 per share while Canada Pension Plan Investment Board bought 1.7 crore Nykaa shares at Rs 175.25 apiece, data showed.

Mala Gopal Gaonkar sold Rs 1,009 crore worth FSN E-Commerce Ventures (Nykaa) shares in a bulk deal on BSE, exchange data showed.  Canada Pension Plan Investment Board was a buyer, lapping up Rs 299.35 crore worth Nykaa shares.

Mala Gopal Gaonkar sold 5.75 crore shares at an average of Rs 175.48 per share while Canada Pension Plan Investment Board bought 1.7 crore Nykaa shares at Rs 175.25 apiece, data showed.

Nykaa stock settled the day at Rs 185.55 on BSE, up 0.55 per cent.

IndusLaw’s Partner Manshoor Nazki along with Senior Associate Pooja Maloo and Associate Esha Gupta advised GOLDMAN SACHS (INDIA) (Broker) on Mala Gopal Gaonkar’s sale of Rs. 1,009 crores worth FSN E-Commerce Ventures Limited (Nykaa) shares through a block deal.

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