Shares of FSN E-Commerce Ventures continued to be under pressure on talks of a block deal.

The Nykaa parent’s stock on Friday ended at Rs 147.60 on the BSE, a fall of 1.44 per cent, or Rs 2.15, over Thursday’s close. It has fallen almost 3 per cent from the close of Rs 155.10 on Wednesday.

The counter has come under fresh pressure on reports that an undisclosed shareholder has offered 1.42 crore shares in block deals at a discount to the current market price. However, block deals data at both the bourses did not show any such trades in the counter on Friday.

After the lock-in period had expired last November, various investors who had purchased shares prior to its IPO had sold part of their holdings. Investors such as Lighthouse India Fund had sold shares worth more than Rs 520 crore while NRI investor Mala Gopal Gaonkar offloaded shares worth Rs 1,009 crore. Some of the other sellers included TPG Growth IV SF PTE, Segantii India Mauritius and Narottam Sekhsaria.

The company courted some controversy when it declared a bonus issue in the ratio of 5:1. While the lock-in period ended on November 10, the record date for the bonus issue was fixed on November 11. This led to the view among some observers that this was done to stop the pre-IPO investors from selling their holdings.

Nykaa posted a net profit of Rs 5.19 crore for the three months ended September 30 against a net profit of Rs 1.17 crore in the same period a year ago. Its consolidated revenue from operations increased 39 per cent to Rs 1,230.8 crore. In the year-ago period, this stood at Rs 885.26 crore.

During the period, the consolidated Gross Merchandise Value (GMV) of the company grew 45 per cent year-on-year to Rs 2,345.7 crore.