Harindarpal Singh Banga and Indra Banga will sell a 2.1% stake in Nykaa via a ₹1,200 crore block deal, offloading about 60 million shares at ₹200 each, 5.5% below market. The deal is managed by Goldman Sachs and JP Morgan. Nykaa’s stock rose over 2% pre‑deal and is targeting mid‑20% annual BPC growth while expanding stores, logistics, and international brands.