On Wednesday, Nykaa owner FSN E-Commerce Ventures shares rose over 8% after receiving block deals of 5.54 million shares worth Rs 75.5 crore.

However, buyers’ and sellers’ identities remain unknown at the time.

This accompanied another bulk deal on March 17, 2023, wherein 6.57 million shares or 0.23% equity worth Rs 93.2 crore were sold out at Rs 141.90 per share.

Nykka shares have been concerned ever since pre-IPO investors instigated exiting the company after the conclusion of its lock-in period on November 9, 2022, moving its share price to take a hit.

Previously, Lighthouse India traded around 18.45 million shares, costing about Rs 336 crore. Kravis Investment Partners Limited sold about 36 million shares costing Rs 630 crore, and TPG liquidated around 5.43 crore shares worth Rs 998 crore.

The company’s market capitalisation has decayed by 36% in the previous six months and over 50% in the last year.

At 1:36 pm, the scrip quoted 7.69% higher on the NSE at Rs 136.55, with the benchmark Nifty trading at 0.73%, up at 17,525.05 points.