Latest News | TPG Growth IV SF Offloads Shares of FSN E-Commerce Worth Rs 202 Crore
Get latest articles and stories on Latest News at LatestLY. TPG Growth IV SF on Friday offloaded shares of Nykaa's parent company FSN E-Commerce Ventures for Rs 202 crore through open market transactions.
New Delhi, Nov 11 (PTI) TPG Growth IV SF on Friday offloaded shares of Nykaa's parent company FSN E-Commerce Ventures for Rs 202 crore through open market transactions.
According to the block deal data available with the BSE, TPG Growth IV SF sold a total of 1,08,43,050 shares in two tranches, amounting to 2.28 per cent stake in the company.
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The shares were disposed of at an average price of Rs 186.4 apiece, taking the transaction value to Rs 202.11 crore.
Meanwhile, Societe Generale and Morgan Stanley Asia (Singapore) Pte acquired the shares of the company.
As of September 2022, TPG Growth IV SF owned 2.28 per cent stake in the company, shareholding data showed with the bourse.
FSN E-Commerce Ventures' shares closed 10.67 per cent higher at Rs 208 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)