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Shares of Mrs. Bectors Food Specialities were down 1 per cent to Rs 430.50, its lowest level since listing on the BSE in the intra-day trade on Wednesday. Mrs. Bectors Food Specialities made a strong stock market debut on December 24, with stock of the biscuit and bread manufacturer listing at Rs 501, a 74 per cent premium against its issue price of Rs 288 per share on the BSE on Thursday. Post listing, it zoomed 119 per cent against its issue price in the next couple of days. However, with today s fall, the stock of the packaged foods company has slipped 32 per cent from its high of Rs 630 touched on December 28, 2020, after institutional investors reduced their stake in the company by over 4 percentage points. ....
App-based Indian cosmetics retailing startup Nykaa plans to go public by early 2022 at a valuation of more than $3 billion, Mint reported on Wednesday, citing a person aware of the matter. Private equity firm TPG-backed Nykaa s plans for an initial public offering comes after Burger King India, Mrs. Bectors Food and Mindspace Business Parks REIT saw good subscriptions and successful listings. Launched in 2012, Mumbai-based Nykaa grew popular by selling cosmetics and grooming products on its website and apps, before expanding into fashion, pet care and household supplies. The startup is working with advisers to prepare for a share sale in Mumbai, Bloomberg reported on Tuesday evening. ....
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