Mumbai, July 3, 2025 — FSN E-Commerce Ventures, the parent company of beauty and lifestyle platform Nykaa, is set to witness a significant offloading of shares as the Banga family, one of its earliest private investors, prepares to sell nearly a 2 percent stake through a high-value block deal. Market sources confirmed that around 16 million shares will be sold at a 4–5 percent discount to the July 2 closing price, pegging the total deal size at approximately $150 million. The family, which currently holds over 4 percent in the company, will retain a residual 2–2.5 percent stake following the transaction.
Highlights
Banga family to sell ~2% stake in Nykaa worth $150 million via block deal.
Deal involves 16 million shares at 4–5% discount to July 2 price.
FSN E-Commerce shares closed at ₹211.8, up 2.3% on July 2.
Remaining 2–2.5% stake will be retained by the family post-sale.
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Long-Term Bet on Nykaa Pays Off with Massive Returns for Early Backers
Shipping magnate Harindarpal Banga and his family were among Nykaa’s earliest private investors, having backed the company in 2014 when its valuation stood at just $20 million. Over the past decade, Nykaa has grown into one of India’s leading omnichannel beauty and personal care brands, with a current market cap nearing $700 million. The upcoming partial exit by the Banga family marks the monetization of a multi-bagger investment, while still maintaining a meaningful minority position in the company. Their initial support helped fuel the early-stage growth that eventually led to Nykaa’s blockbuster IPO in 2021.
Highlights
Banga family invested in Nykaa in 2014 at a $20 million valuation.
Nykaa’s market cap has surged to ~$700 million by July 2025.
Partial exit reflects strong multi-year returns for the early investor.
Family retains long-term exposure despite reducing its position.
