Business Standard

Paytm, Nykaa among tech stocks under watch as lock-in period ends

Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month

Masayoshi Son
Premium

Photo: Bloomberg

Ashutosh Joshi and Filipe Pacheco | Bloomberg
India’s fledgling technology sector faces a key test this month as lock-up periods on $14 billion worth of shares sold in initial public offerings expire, allowing billionaire backers including Warren Buffett and Masayoshi Son to sell.
 
Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month. Included are One 97 Communications Ltd., operator of payments service Paytm, and FSN E-Commerce Ventures Ltd., owner of beauty e-retailer Nykaa.

A relatively new phenomenon in India, high-profile tech IPOs have met with strong demand from the nation’s growing herd of retail investors, and seen by some

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 07 2022 | 2:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com