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CosmicTaco

Harry Banga poised for 160X return on ‘angel’ Nykaa bet

  • Billionaire Harindarpal Singh Banga is set to make a 160X return on his Rs 30-32 crore investment in Nykaa.
  • Banga, known as Harry, was the top investor in Nykaa's first external funding round in 2014 and held an 8.6% stake at the time of its 2021 IPO.
  • He has already cashed out Rs 2,000 crore from his investment, including Rs 852 crore last week.
  • Nykaa's stock has surged 49% in the last six months, closing at Rs 227 on Friday.
  • Banga still holds a 5% stake in Nykaa, valued at Rs 3,200 crore at current market cap.

Source: The Arc

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user

Time to short Nykaa Shares

user

Om shanti 🙏🏽

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Man when will things turn around 😓. Everywhere it’s getting difficult to stay