Nykaa IPO propels founder Falguni Nayar's wealth as she joins world's richest club
India Today
Nykaa founder Falguni Nayar's net worth rose sharply after the successful stock market listing of her company. Nayar has now become India's richest self-made woman billionaire.
Nykaa founder Falguni Nayar is now among the world’s richest after the blockbuster stock market listing of FSN E-Commerce Ventures Limited, which is the parent entity of the popular online platform for beauty and personal care (BPC) products. The NSE Bell has been rung in celebration of the FSN E-Commerce Ventures Limited (@MyNykaa) listing on the Exchange! #NSE #Listing #NYKAA pic.twitter.com/fkHWkrUDcI
Nayar, 58, also became India’s richest self-made woman billionaire following the successful IPO and listing of the company. Her net worth jumped over $6.5 billion after the company’s stock listed at a premium of 79 per cent on the stock market. Nayar owns about half of Nykaa through two promoters trusts and seven other promoter entities.
