According to the terms of the deal, the size of the offer fur includes sales of up to 60 million shares, representing 2.1% of the company’s total shareholding. Offer fur is at Rs 200 per price share – NYKA’s last trade price on July 2 is about 5.5% of 211.59.
The whole transaction is 100% secondary sales and is operated by Global Investment Banks Goldum Sachs S (India) Securities and JP Morgan India. No fresh equity has been issued, and this amount will fully receive the sale shareholders.
The trade is likely to be run on July 3 with a settlement on July 4, 2025. During this period, a 45 -day L -up period has been imposed on the seller and its affiliates, by blocking the sale of more shares.
When no official prices have been guided, investors are expected to suggest their dialects based on the demand for price range. The final prices will be invented by a screen-based mechanism when the trade crosses the exchange.
These books are set to close at 7:30 am on July 3. Foreign Portfolio Investors (FPI) may participate, but the allocation is based on the regulatory headroom available under Indian law.
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Sales come with standard sales restrictions, including partnerships for retail customers and the U.S. And certain institutional investors are banned under the Securities Act applicable to Canada. Eligible buyers must also sign and return placement agents to investors’ representation letter.
This step underscores strategic stake by the NYKA’s main shareholders, while the company’s shares show mild recovery procurement and increase the institutional interest in India’s consumer-technical space.
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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