<ul data-eligibleForWebStory="false"><li>Harindarpal Singh Banga, an early investor in Nykaa and founder of The Caravel Group, plans to sell shares worth nearly INR 1,300 Cr in a block deal.</li><li>Banga holds a 4.97% stake in Nykaa as of the March quarter of 2025 and is looking to pare down his stake by 2% to 2.5% in a $150 Mn deal.</li><li>Nykaa's shares have risen over 20% year-to-date due to its improving financial performance, including a 110% surge in net profit to INR 19.1 Cr in Q4 FY25.</li><li>Nykaa is aiming for EBITDA break-even in its fashion vertical for the current fiscal year and has introduced 'Nykaa Now', a quick commerce service available in seven cities.</li></ul>

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

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