Segantii India Mauritius sells over 33 lakh shares as Nykaa shares plunge over 9%

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Shares of beauty and fashion ecommerce platform Nykaa plunged 9.2% to INR 192 on the BSE on Tuesday (November 15), days after the expiry of the lock-in period for its pre-IPO investors.

The majority of the shares, more than 33.7 lakh, were sold on Tuesday in a bulk transaction by Segantii India Mauritius, which had acquired nearly 38 lakh shares of Nykaa last week. The shares were bought by Segantii India Mauritius for INR 171.75 each, and they were sold for INR 199.24 each. Several of Nykaa’s pre-IPO shareholders, including Mala Gopal Gaonkar, Lighthouse India, and TPG Growth, sold significant amounts of shares after the lock-in period expired last week.

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Segantii India Mauritius sells over 33 lakh shares as Nykaa shares plunge over 9%

Shares of beauty and fashion ecommerce platform Nykaa plunged 9.2% to INR 192 on the BSE on Tuesday (November 15), days after the expiry of the lock-in period for its pre-IPO investors.

The majority of the shares, more than 33.7 lakh, were sold on Tuesday in a bulk transaction by Segantii India Mauritius, which had acquired nearly 38 lakh shares of Nykaa last week. The shares were bought by Segantii India Mauritius for INR 171.75 each, and they were sold for INR 199.24 each. Several of Nykaa’s pre-IPO shareholders, including Mala Gopal Gaonkar, Lighthouse India, and TPG Growth, sold significant amounts of shares after the lock-in period expired last week.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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