FSN E-Commerce Ventures gains on acquiring stake in FSN International
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FSN E-Commerce Ventures is currently trading at Rs. 134.40, up by 0.85 points or 0.64% from its previous closing of Rs. 133.55 on the BSE.
The scrip opened at Rs. 135.00 and has touched a high and low of Rs. 135.50 and Rs. 133.75 respectively. So far 107381 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 235.30 on 03-Oct-2022 and a 52 week low of Rs. 114.30 on 26-Apr-2023.
Last one week high and low of the scrip stood at Rs. 136.95 and Rs. 131.70 respectively. The current market cap of the company is Rs. 38306.59 crore.
The promoters holding in the company stood at 52.28%, while Institutions and Non-Institutions held 21.63% and 26.09% respectively.
FSN E-Commerce Ventures has acquired 39,78,000 equity shares of Rs 10 each at par on rights basis of FSN International, a wholly owned subsidiary of the Company. After the said acquisition, FSN International continues to be a wholly owned subsidiary of the Company. The Company is making strategic investment for providing long term funds to FSN International.
FSN E-Commerce Ventures (Nykaa) is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care and fashion products, including its owned brand products manufactured by it.
