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LP5569: LP5569 returns on NACK though address and startup sequence is correct

Part Number: LP5569
Other Parts Discussed in Thread: SEGGER, ,

In my project, I am interfacing lp5569  with ST MCU STM32G031K8 and using Segger Embedded studio for development. I am gettting NACK from I2C Slave LP5569. Following is startup sequence 

Turn on EN/PWM 

1us Delay

Turn on v1p8 

2.5ms Delay

Send I2C Slave address 0x32. Below is the snapshot of the transaction. Logic analyzer shows it as ACK but MCU treats as NACK as slave is pulling the line high in below analog trace of the SDA line 

Please do the needful