business

Nykaa's bonus issue: What went wrong and how the move backfired

Shares of Nykaa have shaved off nearly 20 percent in a matter of days. Remember, the shares went ex-bonus on the day the anchor lock-in ended. Many were viewing this as a brilliant move, but the stock saw a sharp sell-off once the bonus shares started getting credited to shareholders' accounts. Catch Santo and Nandita as they discuss what really went wrong.

first published: Nov 17, 2022 12:30 pm