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Nykaa trades lower for fourth straight day; slides 17% from lifetime high

The stock of the fashion and cosmetics online retailer was down 2.6% to Rs 2,135 on the BSE, having fallen 14 per cent in the past four trading days

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SI Reporter Mumbai
Shares of FSN E-Commerce Ventures (Nykaa) were down 2.55 per cent at Rs 2,135 on the BSE in Tuesday's intra-day deal ahead of the lock-in period of anchor investors getting over. The stock of fashion and cosmetics online retailer was trading lower for fourth straight day, falling 14 per cent during the period.

The lock-in period for anchor investors will get over on Wednesday, December 8. The company had raised Rs 2,396 crore from anchor investors ahead of its initial share-sale last month. The company had allocated a total of 21,296,397 equity shares to anchor investors at Rs 1,125