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Nykaa fires legal shots at ex-exec for his moves now as Tata Cliq boss
 
indiatimes.com  Sep 5, 2024      
 
 

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In its petition in the Bombay High Court, Nykaa said it had paid Asthana a substantial remuneration, including long-term incentives and in stock options. It sought a refund of around Rs 19 crore of employee stock option benefits availed of by him along with another Rs 5 crore citing loss of goodwill and other business metrics. The company also pleaded the court to restrain him from using any Nykaa business data for his work at Tata Cliq.

The high court passed an interim order on Wednesday, directing Asthana to not engage in hiring executives for Tata Cliq from Nykaa.

Falguni Nayar-led Nykaa has not made Tata Digital a party to the petition.

Asthana, a chief executive in Tatas ecommerce venture, was the CBO at Nykaa for four years and was also on the companys board. Nykaa said in its petition that such a high position in the company made him privy to confidential business data.

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