Nykaa Shares Slump 5% After Likely Block Deal Worth INR 1,210 Cr

SUMMARY

As per a CNBC TV18 report, Nykaa shares worth over INR 1,210 Cr changed hands via the block deal

Yesterday Harindarpal Singh Banga, an early backer of Nykaa, was looking to dilute 2% to 2.5% stake in the beauty ecommerce major

At 12:10 PM, the stock was down 4.2% at INR 203 on the BSE. Its market capitalisation stood at INR 58,051 Cr (about $6.7 Bn)

Shares of Nykaa plunged as much as 5% to INR 201 during the early trading hours today after a large block deal.

As per a CNBC TV18 report, Nykaa shares worth over INR…