Falguni Nayar is India’s wealthiest woman billionaire

The market capitalization of the company grew bigger than several large companies listed on the stock exchanges like Britannia, Coal India, and IRCTC. In fact, it is double the size of Hero MotoCorp and Bank of Baroda.

Falguni Nayar is India’s wealthiest woman billionaire
Falguni Nayar is India’s wealthiest woman billionaire

FSN Ecommerce platform Nykaa made a stunning debut on the stock exchanges on November 10, opening at a 77% premium from its issue price.

Shares of Nykaa opened at ₹2,001 on the Bombay Stock Exchange (BSE) and reached ₹2,208 at the end of trading. This raised the market cap to over ₹1 lakh crore within a few hours of the stock’s debut on the exchanges. In total, it traded a volume of 3.59 crore equity shares.