Board Of Nykaa To Meet On Oct 3 For Bonus Share Issue, Stock Soars Over 3%

FSN E-Commerce Ventures Limited, that runs the beauty and personal care business under Nykaa vertical, is planning to consider the issuance of bonus share and fixed a meeting for October 3, 2022 for the same purpose. Check key takeaways below:

FSN E-Commerce Ventures Limited To Meet For Bonus Issue On October 3, 2022

The board of directors of the company stated in its BSE filing, "Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, we wish to inform you that a meeting of the Board of Directors of the Company will be held on Monday, October 03, 2022, to, interalia, consider and approve the issuance of Bonus Shares to the equity shareholders of the Company in the ratio, as it may deem fit and seeking shareholders' approval by way of postal ballot and such other approval(s), as the Board may deem appropriate."

FSN E-Commerce Ventures Limited Shares Jump Over 3%

The current market price of the stock is Rs 1321 apiece with a gain of 3.46% till 10:06 am on Thursday. The stock opened at 1320 apiece, touched the intraday high at Rs 1350, and low at Rs 1311 apiece.

Nykaa 52-Week High/Low

The stock's 52-week high is quoted at Rs 2574 apiece and 52-week low is Rs 1208, respectively.

FSN E-Commerce Ventures Limited Market Capitalisation

The company has a market capitalisation of Rs 62,716.84 crore.

FSN E-Commerce Ventures Limited Latest Quarterly Results

The company for the quarter ended June 30, 2022 announced a consolidated total income of Rs 1,156 crore, up 17% from previous quarter total income of Rs 984 crore. It declared a net profit after tax at Rs 5 crore in the latest quarter.

About FSN E-Commerce Ventures Limited

FSN E-Commerce Ventures Limited is a small cap consumer technology platform provider. It operates in Services sector. It is engaged in the business of producing, selling and distribution of beauty, wellness, fitness, personal care, health care, skin care, hair care products, fashion garments, fashion accessories and equipment, among others.