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

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.

The firm has invested in 35  locations and will add 40 more  stores before the end of 2020
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SI Reporter Mumbai
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.

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First Published: Nov 23 2022 | 10:54 AM IST

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