Nykaa poised to pass the 'lock-in' test with flying colours, or not?

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Expiry of the one-year lock-in period for pre-initial public offering (IPO) investors has been an overhang for stocks of new-age companies. Investors in shares of FSN E-commerce Ventures Ltd, the parent of Nykaa, are understandably wary. Nykaa’s pre-IPO shareholders’ lock-in is set to expire on 10 November. Recall that shares ......