Bulk Deals: Three FPIs buy Nykaa shares on Friday after TPG Growth sells them for nearly Rs 1,000 crore – what should investors know

Private equity player TPG Growth on Friday sold shares of e-commerce beauty company Nykaa for more than Rs 1,000 crore through open market transaction.

As many as 5.42 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were offloaded at a price of Rs 184.55 apiece through a block deal, as per data from the National Stock Exchange (NSE).

The total value of the transaction is a little over Rs 1,000 crore, the data showed.

These shares were acquired by various entities, including Societe Generale, HSBC Indian Equity Mother Fund and Goldman Sachs (Singapore) Pte, among others.

The stock of Nykaa, which got listed last November, is in focus as the mandatory lock-in period for pre-offer investors came to an end on November 10.

Shares of the company rose more than 3 per cent to close at Rs 192 apiece on the NSE on Friday.

Earlier on Thursday, Canada Pension Plan Investment Board (CPPIB) bought over 1.70 crore shares of Nykaa's parent company FSN E-Commerce Ventures for Rs 299 crore through an open market transaction.

CPPIB purchased a total of 1,70,81,850 shares of the company, as per bulk deal data available with the BSE. The shares were acquired at an average price of Rs 175.25 apiece, taking the aggregate value to Rs 299.35 crore.

Meanwhile, Mala Gopal Gaonkar disposed a total of 5.75 crore shares of the company.

Earlier on Wednesday, Lighthouse India Fund III offloaded shares of Nykaa's parent company FSN E-Commerce Ventures worth Rs 525 crore through open market transactions.

According to the bulk deal data available with the BSE, Lighthouse India Fund III, an affiliate of Lighthouse Advisors, sold 3 crore shares of the company. The shares were sold at an average price of Rs 175.13 apiece, taking the aggregate value to Rs 525.39 crore.

However, buyer(s) of the shares could not be ascertained.