Nykaa dips 3% a day after CFO Arvind Agarwal quits; stock nears record low

Shares of Nykaa parent company - FSN E-Commerce Ventures dipped 3 per cent to Rs 169.30 on the BSE a day after the company’s chief financial officer (CFO) Arvind Agarwal resigned. Agarwal will leave the company and step down from his role on November 25, the beauty e-retailer said in a regulatory filing on Tuesday after market hours. The stock traded lower for the third straight day, falling 12 per cent during the period.

On Tuesday, private equity firm Lighthouse India sold 18.44 million equity shares worth of Rs 336 crore of FSN E-Commerce Ventures through a block deal.