Latest News | Kravis Investment Partners II Sells 3.67 Crore Shares of Nykaa for Rs 629 Cr

New Delhi, Dec 15 (PTI) Kravis Investment Partners II LLC on Thursday offloaded shares of e-commerce beauty company Nykaa for a little over Rs 629 crore through open market transactions.

As many as 3.67 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were sold by Kravis Investment Partners II LLC in five tranches at a price of Rs 171 apiece, as per data from the BSE.

Also Read | IND vs BAN 1st Test 2022: Pursuit To Be Better in Rhythm Helps Find Turn, Feels Kuldeep Yadav.

The total value of the transaction aggregated to Rs 629.06 crore.

These shares were acquired by Mirae Asset Mutual Fund, Goldman Sachs Investments Mauritius I Ltd, Goldman Sachs (Singapore) Pte - ODI, Canada Pension Plan Investment Board and ICICI Prudential Life Insurance Company.

Also Read | 5G Rollout: Delhi, Mumbai Among 50 Cities To Have 5G Services, Says MoS for Telecommunications Devusinh Chauhan.

Shares of FSN E-Commerce Ventures closed 1.13 per cent lower at Rs 170.65 per piece on BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)