Nykaa tumbles 7% on heavy volumes; stock trades ex-bonus for 5:1 issue

Till 10:02 am; a combined 57.35 million equity shares had changed hands on the NSE and BSE

Shares of FSN E-Commerce Ventures, which owns beauty e-retailer Nykaa, tumbled 7 per cent to Rs 166.85 on the BSE in Thursday's intra-day trade on the back of heavy volumes as the one-year lock-up period on pre-initial public offering (IPO) investors ended. At 09:22 AM, around 15.68 million equity shares changed hands on the counter on the BSE, the exchange data shows.

The stock has also turned ex-bonus today, for its 5:1 bonus share issue i.e. five bonus shares for every one share held in the company. The board of the company had fixed Friday, November 11, 2022 as