Nykaa shares fall 15% in four sessions; hits fresh all-time low
Nykaa share price declined 5.5% to hit a fresh all-time low of ₹132.55 in intraday trade on the BSE.
Nykaa share price declined 5.5% to hit a fresh all-time low of ₹132.55 in intraday trade on the BSE.
Nykaa share price has fallen over 13% in three sessions as pre-IPO investors pressed the sell button soon after the company issued bonus shares.
Private equity firm Lighthouse India sold shares worth ₹320 crore of Nykaa via block deal at a price band of ₹180-₹183.50 per share.
The lock-in period for Nykaa share expires today, which means promoters and investors can liquidate their pre-IPO stocks owned by them.