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    NYKAA   INE388Y01029

FSN E-COMMERCE VENTURES LIMITED

(NYKAA)
  Report
Delayed NSE India Stock Exchange  -  06:25:53 2023-01-31 am EST
136.70 INR   +2.13%
01/23FSN E-Commerce Ventures Limited Appoints P. Ganesh, as Chief Financial Officer, Effective February 03, 2023
CI
2022Lighthouse India Sells Stake in FSN E-Commerce Via Open Market Transaction
MT
2022FSN E-Commerce Ventures CFO Steps Down
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Reliance Retail, Nykaa, Aditya Birla Fashion and Trent Reportedly Eye Promoter Stake in TCNS

11/16/2022 EST

Reliance Retail Limited, FSN E-Commerce Ventures Limited (NSEI:NYKAA) (Nykaa), Aditya Birla Fashion and Retail Limited (BSE:535755) and Trent Limited (BSE:500251), as well as private equity investors such as TPG Capital, L.P. and Advent International Corporation, have shown interest in buying TA Associates Management, L.P.'s 29.24% stake in TCNS Clothing Co. Limited (NSEI:TCNSBRANDS), the owner of women's wear brands W and Aurelia, two people aware of the development said. The talks may also see the promoters of the company sell all or a part of their 32% stake, they added, requesting anonymity.

Investment bank Avendus Capital is advising private equity firm TA Associates on the stake sale. "Both strategic and PE investors are looking at TA Associates' stake. The promoters are also likely to sell their stake, but they will prefer to sell to a strategic investor if the valuation offered is attractive, else they may consider continuing with another new private equity investor," one of the two people said.

Mails sent to spokespeople for Reliance Retail, Trent, Nykaa and Aditya Birla Fashion and Retail, too, went unanswered. Spokespeople for TPG Capital and Advent declined to comment.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADITYA BIRLA FASHION AND RETAIL LIMITED 2.58% 256.6 End-of-day quote.-10.75%
FSN E-COMMERCE VENTURES LIMITED 2.13% 136.7 Delayed Quote.-13.56%
TCNS CLOTHING CO. LIMITED -0.12% 482.8 Delayed Quote.-7.82%
TRENT LIMITED 1.38% 1196.8 End-of-day quote.-11.39%
All news about FSN E-COMMERCE VENTURES LIMITED
01/23FSN E-Commerce Ventures Limited Appoints P. Ganesh, as Chief Financial Officer, Effecti..
CI
2022Lighthouse India Sells Stake in FSN E-Commerce Via Open Market Transaction
MT
2022FSN E-Commerce Ventures CFO Steps Down
MT
2022FSN E-Commerce Ventures Limited Announces Resignation of Arvind Agarwal, Chief Financia..
CI
2022Lighthouse India to Divest FSN E-Commerce Stake Worth $39 Million
MT
2022TPG Capital Sells Stake Worth $123 Million in FSN E-Commerce Ventures
MT
2022Lighthouse India Sells Shares Worth $65 Million FSN E-Commerce; Shares Slip 4%
MT
2022Reliance Retail, Nykaa, Aditya Birla Fashion and Trent Reportedly Eye Promoter Stake in..
CI
2022India's Tata to open 20 'beauty tech' outlets, in talks with foreign brands
RE
2022Certain Equity Shares of FSN E-Commerce Ventures Limited are subject to a Lock-Up Agree..
CI
More news
Analyst Recommendations on FSN E-COMMERCE VENTURES LIMITED
More recommendations
Financials
Sales 2023 52 427 M 643 M 643 M
Net income 2023 724 M 8,88 M 8,88 M
Net cash 2023 3 608 M 44,3 M 44,3 M
P/E ratio 2023 518x
Yield 2023 0,01%
Capitalization 390 B 4 766 M 4 778 M
EV / Sales 2023 7,36x
EV / Sales 2024 5,49x
Nbr of Employees 2 764
Free-Float 26,5%
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Technical analysis trends FSN E-COMMERCE VENTURES LIMITED
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 136,70 INR
Average target price 254,24 INR
Spread / Average Target 86,0%
EPS Revisions
Managers and Directors
Falguni Sanjay Nayar Executive Chairman, Chief Executive Officer & MD
Rajesh Uppalapati Chief Technology Officer
Rajendra Punde Secretary, Head-Legal & Compliance Officer
Alpana Parida Shah Independent Non-Executive Director
Anita Krishnan Ramachandran Independent Non-Executive Director
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