These senior exits come at a time when the Mumbai-based company's stock, like other new-age firms, has faced a rout in the past few months on the bourses. The stock is down nearly 28% since it issued bonus shares on November 16 last year.
source https://economictimes.indiatimes.com/jobs/mid-career/nykaa-records-five-top-level-exits-amid-stock-price-pressure/articleshow/98974107.cms
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