Fashion retailer FSN E-Commerce Ventures, the parent company of Nykaa, has again come under intense selling pressure even as analysts sounded optimistic about the prospect of the stock.
Segantii India Mauritius on Tuesday offloaded shares of Nykaas parent firm FSN E-Commerce Ventures for Rs 67 crore through open market transaction.According to the bulk deal data available with the National Stock Exchange NSE, Segantii India Mauritius sold 33,73,243 shares of the company.The shares were offloaded at an average price of Rs 199.24 apiece, taking the transaction value to Rs 67.20 crore.Meanwhile, Hermes Investment Funds Public Ltd Company acquired 25,82,921 shares of the company.