New Delhi, Nov 17 (PTI) Canada Pension Plan Investment Board (CPPIB) on Thursday bought over 1.70 crore shares of Nykaa's parent company FSN E-Commerce Ventures for Rs 299 crore through an open market transaction.

CPPIB purchased a total of 1,70,81,850 shares of the company, as per bulk deal data available with the BSE.

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The shares were acquired at an average price of Rs 175.25 apiece, taking the aggregate value to Rs 299.35 crore.

Meanwhile, Mala Gopal Gaonkar disposed a total of 5.75 crore shares of the company.

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The company's stock is in focus as the mandatory lock-in period for pre-offer investors came to an end on November 10.

On Thursday, shares of FSN E-Commerce Ventures closed 0.57 per cent higher at Rs 185.55 on BSE.

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