Nykaa block deal: Founders offload shares worth Rs 1,200 crore; stock falls 4.5%

Nykaa’s shares experienced a dip following a significant block deal. Early investors Harindarpal Singh Banga and Indra Banga planned to sell part of their holdings. The transaction involved approximately 6 crore shares. Global investment banks oversaw the sale. Nykaa is aiming for its fashion segment to break even by FY26.