Nykaa Share Price

Shares of FSN E-Commerce, the parent company of Nykaa are trading down by over 3 percent after Citigroup completed the block deal to sell Nykaa shares worth ...

Almost 67 percent of Nykaa’s shareholding will be released from lock-in with the end of the restricted period. Falguni Nayar, the founder and CEO of the company, stated during the post-earnings analyst call last week that high net worth people (HNIs), who were among the early Nykaa investors, typically invest for long term. The fall comes after Citigroup completed the block deal to sell 0.6 percent equity or shares worth Rs 306 crore. During a lock-in period, promoters and investors cannot liquidate the pre-IPO securities held by them. In terms of shares, 176 lakh shares at an average of Rs 172 per share changed hands in the trade. [Nykaa shares slump below IPO price before the end of mandatory lock-in period in November](http://cnbctv18.com/market/stocks/nykaa-shares-slump-below-ipo-price-ahead-of-pre-ipo-lock-in-ending-15037311.html)