Nayar, who founded the e-commerce portal Nykaa in 2012 after a successful career as a top-notch investment banker, became a billionaire and India’s richest self-made woman last year after the unicorn’s blockbuster listing on stock exchanges. Falguni Nayar Family Trust holds a little over 22% stake in the company.
Sensex, Nifty rally over 1% as IT stocks drive broad-based market gains
Indian stock gauges rose over one percent on Wednesday. Overseas fund flows are expected to shift into local technology companies. The Nifty and Sensex closed