Alia Bhatt and Katrina Kaif add to riches, thanks to Nykaa stocks
The Indian film industry’s superstars namely Alia Bhatt and Katrina Kaif’s stocks in the lifestyle-focused consumer technologies platform, Nykaa have risen exponentially post the IPO listing.
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The Indian film industry's superstars namely Alia Bhatt and Katrina Kaif's stocks in the lifestyle-focused consumer technologies platform, Nykaa have risen exponentially post the IPO listing.
The company stocks have given handsome returns to them, and are now worth over multiple times their original investment, cited industry estimates.
In terms number of shares held by them, Bhatt owns 8,177 shares of, while that of Kaif is estimated at 3,360.
At Friday's close, Nykaa stock was valued at Rs 2,358.90, up Rs 142.65 or 6.44 per cent from its previous close.
Consequently, Bhatt's stock holding at Friday's closing price is now worth Rs 1.92 crore. Similarly, Kaif's share holding in the company was worth Rs 79.25 lakh.
This week Nykaa had a stellar opening of its stocks which rose its market capitalisation to over Rs 1 lakh crore.
The stock was listed at Rs 2,001, as against the offer price of Rs 1,125. The bumper opening catapulted its promoters - Nayar family - as one of India's richest self-made billionaires.
Currently, the promoter family holds around 53 per cent stake in the firm FSN E-Commerce Ventures, which owns Nykaa.
The stake at the opening price of Rs 2,001 per share was worth over $6.5 billion. Consequently, the promoter family joined the billionaire ranks.
The promoter family stocks include that of Falguni Nayar, MD & CEO, FSN E-Commerce Ventures, Anchit Nayar, Adwaita Nayar and the Nayar Trust.