Nykaa hits new all-time low amid slew of block deals in past one month

In past two trading days, the stock price of Nykaa has declined 5 per cent after Kravis Investment Partners II offloaded 36.7 million shares of the company at a price of Rs 171 apiece.

Shares of Nykaa parent company - FSN E-Commerce Ventures hit a new all-time low of Rs 161.90, as they slipped 3 per cent on the BSE in Monday’s intra-day trade in an otherwise firm market. Share price of the beauty e-retailer fell below its previous low of Rs 162.91, touched on October 28, 2022. In comparison, the S&P BSE Sensex was up 0.45 per cent at 61,612 at 11:26 AM.

In the past two trading days, the stock price of Nykaa has declined 5 per cent after Kravis Investment Partners II offloaded 36.7 million shares of the company at