• The sellers included top management including the chief financial officer, chief technology officer, and vice president. Insiders, many of whom are part of the top brass at Nykaa, sold 984,528 shares of the company at an average price of Rs 1,424 per share, which is a 27 percent premium to the IPO price of Rs 1,125 per share.
  • To be sure, Agarwal, Suri, Chhabra, Parikh and Grover still hold between 0.05-0.38 percent stakes in the company. The paring of holding by members of Nykaa's top management has come in between a sharp drawdown in the stock. Shares of Nykaa have fallen close to 48 percent from their record highs hit in November after the stock rallied more than 100 percent from its IPO price. In the same period, the Nifty 50 index has declined only 6-7 percent.