Nykaa’s Early Investor Harindarpal Banga To Sell Shares Worth Nearly INR 1,300 Cr

Harindarpal Singh Banga, founder of The Caravel Group and an early investor in Nykaa, is reportedly looking to pare stake worth 2% to 2.5% in the beauty ecommerce major in a $150 Mn

Banga would sell the shares at a 4% discount to today’s closing price of INR 211.8 on the BSE

Banga held a 4.97% stake in Nykaa at the end of the March quarter of 2025, as per the company’s shareholding pattern available with BSE

Harindarpal Singh Banga, founder of The Caravel Group and…