India’s richest self-made woman Falguni Nayar loses Rs 8,300 cr as Nykaa stock plunges 24% in a month
Shortpedia
Content Team
Image Credit: twitter
Last month Nykaa-founder Falguni Nayar was named India’s richest self-made woman by the IIFL Wealth Hurun list, with a Rs 38,700 crore net worth. But since then the stocks of her e-commerce behemoth have plummeted by 24 per cent in a month, wiping off Rs 8,300 crore from her fortune. The fall of Nykaa has come after a bumper debut on the stock market last year, when it delivered 80 per cent returns to investors.
