As a bonus issue, Nykaa trades flat, relieving selling pressure after the lock-in period has expired

As the one-year lock-up period for investors in the pre-initial public offering (IPO) came to an end on Thursday, shares of FSN E-Commerce Ventures, which operates beauty e-retailer Nykaa, fell 7% to Rs 166.85 on the BSE. According to exchange data, at 09:22 AM, 15.68 million equity shares were traded on the BSE counter. The … Read more