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08-01-2022 09:45 AM | Source: Accord Fintech
FSN E-Commerce Ventures inches up on incorporating Subsidiary Company
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FSN E-Commerce Ventures is currently trading at Rs. 1399.40, up by 2.80 points or 0.20% from its previous closing of Rs. 1396.60 on the BSE.

The scrip opened at Rs. 1419.80 and has touched a high and low of Rs. 1419.80 and Rs. 1392.10 respectively.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2574.00 on 26-Nov-2021 and a 52 week low of Rs. 1208.40 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 1486.50 and Rs. 1387.70 respectively. The current market cap of the company is Rs. 66235.74 crore.

The promoters holding in the company stood at 52.41%, while Institutions and Non-Institutions held 9.50% and 38.10% respectively.

FSN E-Commerce Ventures (Nykaa) has incorporated a Subsidiary Company in the name of 'Nykaa Foundation' under Section 8 of the Companies Act, 2013. Nykaa Foundation will undertake any or all of the activities set out m Schedule VII of the Companies Act, 2013, on behalf of the Company or any other company / entity as may be legally permissible from time to time, in accordance with the applicable provisions of Companies Act, 2013, Companies (Corporate Social Responsibility Policy) Rules, 2014 and other applicable laws, as amended from time to time.

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.