Nykaa Revises Record Date For Bonus Issue Of 5:1, Shares Hit New 52-Week Low: Check New Date

FSN E-Commerce Ventures Limited, running the beauty and personal care business under Nykaa vertical, has revises the record date for 5:1 bonus issue. The new record date of the bonus issue is now November 11, 2022. Check key takeaways below:

1. FSN E-Commerce Revises Record Date For Bonus Issue

The board of directors of FSN E-Commerce said in the regulatory filing, "We refer to our letter dated October 03, 2022 regarding issue of Bonus Equity Shares of the Company in the ratio of 5 (Five) fully paid-up Equity Shares of ₹ 1/- each for every 1 (One) fully paid-up Equity Share of ₹ 1/- each, subject to approval of shareholders by way of Postal Ballot and inform that pursuant to Regulation 42 of SEBI Listing Regulations, the Board of the Company has fixed Friday, November 11, 2022 as the 'Record Date' for the purpose of determining the members eligible for Bonus Equity Shares."

 

2. FSN E-Commerce Stock Outlook

The current market price of FSN E-Commerce is Rs 983 apiece with 52-week high at Rs 2574 and 52-week low at Rs 975 apiece, respectively. The company has a market capitalisation of Rs 46,655 crore as of writing the report.

The shares of FSN E-Commerce hit fresh 52-week low in Friday's intra-day (October 28, 2022). The stock is now trading 0.81% away from its 52-week low price. It is worth mentioning that shares of Nykaa touched the lowest level since it listed last November and fallen 55% in last 1 year.

The stock has given a negative return of 42% in last 6 months, 30% in last 3 months, 23% in last 1 month, and 13% in last 1 week.

Nykaa made its stock market debut on November 10, 2021.

3. 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.

4. 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.

Disclaimer

The stock specifies details about the new record date for bonus issue. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.