Nykaa IPO worth Rs 4,000 crore approved by market regulator Sebi
Thu, Oct 14, 2021 3:12 PM

Nykaa IPO worth Rs 4,000 crore approved by market regulator Sebi

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Securities and Exchange Board of India (SEBI) approved Nykaa’s Rs 4,000 crore public issue on October 14. The online beauty retail startup is likely to be valued at over Rs 40,000 crore. The majority of the funding raised through the IPO will be used to pay existing investors selling their stakes. Sanjay Nayar, TPG, Lighthouse and Sunil Munjal are among the selling shareholders.

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