CosmicTaco

BNP Paribas Shifts Investments in Zomato and Nykaa

CosmicTaco · 2025-05-31T14:21:03.048529+05:30

- BNP Paribas Financial Markets has strategically shifted its investments, acquiring a significant stake in Zomato while divesting shares in Nykaa. - The bank purchased 6.24 million shares of Zomato at a slight discount, totaling INR 1,488 Cr. - Simultaneously, BNP Paribas offloaded nearly 2.5 million shares of Nykaa, raising INR 503 Cr. - These moves occur amidst Zomato's transition to an Indian-owned model and Nykaa's strong financial performance. - Despite challenges in the foodtech sector, BNP Paribas is betting on Zomato's growth potential, showcasing a bold investment strategy. Source: [Inc42](https://inc42.com/buzz/bnp-paribas-picks-up-inr-1488-cr-stake-in-zomato-dumps-inr-503-cr-shares-in-nykaa/)

BNP Paribas Financial Markets has strategically shifted its investments, acquiring a significant stake in Zomato while divesting shares in Nykaa.
The bank purchased 6.24 million shares of Zomato at a slight discount, totaling INR 1,488 Cr.
Simultaneously, BNP Paribas offloaded nearly 2.5 million shares of Nykaa, raising INR 503 Cr.
These moves occur amidst Zomato's transition to an Indian-owned model and Nykaa's strong financial performance.
Despite challenges in the foodtech sector, BNP Paribas is betting on Zomato's growth potential, showcasing a bold investment strategy.

Source: Inc42