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.
