FSN E-Commerce Ventures Limited
ICICI Prudential Life Insurance decreased its stake in FSN E-Commerce Ventures Limited (Nykaa) from 3.27% to 2.71%, selling 1,58,14,738 shares. The value of the sold shares is approximately ₹511.23 Cr at a share price of ₹323.05.
A digitally native consumer technology platform delivering content-led lifestyle retail experiences across beauty, personal care, and fashion segments. The company operates a curated marketplace featuring diverse product portfolios from established brands alongside its own manufactured brands. It combines e-commerce infrastructure with lifestyle content to create an integrated shopping experience for Indian consumers seeking beauty, wellness, and fashion products.
Joint venture between ICICI Bank and Prudential plc. Total AUM in excess of Rs 3.2 lakh crore deployed across linked, participating and non-participating funds. CIO Manish Kumar has run the equity book for over a decade, with style biased to quality large and mid-caps. Active across primary and secondary markets through ULIP and group fund mandates.