Nykaa lock in period expires on 10 November PE Funds and HNI able to liquidate their holdings – Business News India

read on appShares of Nykaa's parent company FSN E-Commerce Ventures Limited (FSN E-Commerce Ventures) are under pressure as the lock-in period of the company's shares ends on

November 10, 2022. Private equity funds and high net worth individuals (HNIs), who are early investors in the company, will be able to sell their stake in the company after the

lock-in period is over. Shares of Nykaa closed at Rs 1076.15, down nearly 5% on Wednesday. 67% stake will be out of lock-in periodAfter the lock-in period is over, Steadview

Capital Mauritius, TPG Growth, Lighthouse India Fund and HNIs like Harinder Pal Singh Banga, Narottam Sekhsaria and Sunil Kant Munjal will be able to sell their stake in the

company. Promoters Falguni Nair & Family will also be able to sell their stake. He holds 32.4% stake in the company. Promoters and investors cannot sell pre-IPO securities during

the lock-in period. About 67% of Nyka's stake will be released from lock-in. Also read- Premium of this share increased to Rs 90, IPO allotment announced The company's

shares are down more than 50% from their 52-week highNykaa shares are under heavy selling pressure ahead of lock-in expiry. The record low of Nykaa shares is Rs 975. Shares of

Nykaa are still down 47% this year. Nykaa posted a consolidated net profit of Rs 5.2 crore in the second quarter of the current financial year. Compared to the same period a year

ago, Nykaa's profit has grown by over 330%. Nykaa had posted a profit of Rs 1 crore in the September quarter of last year. Shares of Nykaa are still down more than 50% from their

52-week high of Rs 2573.70. Also read- Adani's big deal: acquired this company for ₹ 1050 crore, bought 49.38% stake Disclaimer: The information given here is only

about the performance of the stock, it is not an investment advice. Investing in the stock market is subject to risks and please consult your advisor before investing.