Nykaa shares slide after incorporating ‘beauty & personal care’ unit

Shares of FSN E-Commerce Ventures — parent entity of Nykaa — tumbled over 3 per cent in trade on Wednesday after it incorporated its unit Nykaa Essentials Private Limited, which will solely be in the beauty and personal care business.

Nykaa’s counter plunged as much as 3.37 per cent during the intraday trade to Rs 160.2 per share, the biggest intraday fall since February 10 this year.