Shares of Nykaa’s parent company FSN E-Commerce Ventures Limited (FSN E-Commerce Ventures) are under pressure, as the company’s share lock-in period ends on November 10, 2022. Private Equity Funds and High Net Worth Individuals (HNI), who are early investors in the company, will be able to sell their shares in the company after the lock-in period ends. Naika’s shares closed at 1076.15 rupees on Wednesday with a decline of 5 percent.
67% share lock-in period will be released
After the lock-in period is over, HNIs such as Steadview Capital Mauritius, TPG Growth, Lighthouse India Fund and Harinder Pal Singh Banga, Narottam Sekhsaria and Sunil Kant Munjal will be able to sell their stake in the company. प्रमोटर्स फालगुनी नाइर अगिली भी अपनी शेक्सदारी बेख पाईीगी. His share in the company is 32.4 percent. During the lock-in period, promoters and investors could not sell pre-IPO securities. नायका की कैरिब 67 पर्सेन्त शेशदारी लोक-इन से लिखी हो जेगी.
The company’s shares are down more than 50% from their 52-week high
Before the lock-in expires, the share price of Nykaa (Nykaa) is under pressure. Naika’s share record is 975 rupees. इस साल अभि भी नायका के शेरे 47 प्रसेंट दुन हैन. Naika has posted a consolidated net profit of Rs 5.2 crore in the second quarter of the current financial year. Compared to the same period of the previous year, Naika’s profit increased by more than 330 percent. Naika made a profit of 1 crore rupees in the September quarter of the previous year. Naika shares are now more than 50 percent below their 52-week high of 2573.70 rupees.
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