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Meet Falguni Nayar, India’s richest self-made female billionaire

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Nagpur: According to Bloomberg Billionaire’s Index, Falguni Nayar, founder of Nykaa has become India’s wealthiest self-made female billionaire as the shares made a strong stock market debut on Wednesday.

Nayar owns about half of Nykaa and is now worth about $6.5 billion after the shares surged almost 89 per cent when they started trading on Wednesday. With this milestone Nykaa founder and CEO has joined six other women billionaires in India Bloomberg Billionaires Index.

Ahead of the company’s listing at the National Stock Exchange (NSE) Nayar said, “I started Nykaa at the age of 50 with no experience. I hope the Nykaa journey can inspire each of you to be the Nykaa of your lives.”

Nykaa’s shares opened at Rs 2,001 on BSE and saw an increase of 77.87 per cent premium over the higher end of the issue price. Nayar was only months away from turning 50 in 2012, when she planned to have a platform which provides beauty products for women and men all over the country.

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