Investor Lighthouse India Fund sold Nykaa shares worth Rs 525 cr: Report

30 million shares of FSN e-commerce Ventures, the parent company of the beauty products retailer Nykaa, were sold by the investor on November 10 as the lock-in period ended

On November 10, as the lock-in period for Nykaa's investors ended, Investor Lighthouse India Fund III sold 30 million shares of FSN e-commerce Ventures, the parent company of the beauty products retailer. These shares were worth Rs 525.39 crore, as reported by Mint. The sale was made via open market transactions. 

During the lock-in period, promoters and investors are not allowed to liquidate their pre-IPO securities in the company. According to the report, Nykaa's share that was released after the lock-in period was around 67 per cent. 

The company, in October, announced a bonus on equity shares in the ratio