Why Are Big Investors Exiting Nykaa?

Another day, another anchor investor sold shares in Nykaa. Today, it was Lighthouse that sold 18 million shares in FSN E-Commerce in a block deal. The investor held a 2.04% stake or 56.5 million shares in the company as of the 12th of November. It had already disposed of 30 million shares last week leaving it with just about 8 million shares. Lighthouse is just the latest to sell its shares. Investors like TPG Capital and Sengatii have also offloaded shares in the company after the lock-in period for anchor investors ended last week. Catch Sakshi Batra in conversation with Shyam Sekhar, I thought Advisories about this sell-off and about the timing of the bonus issue coinciding with the end of the lock-in period.