FSN E-Commerce moves up as its arm to make further investment in Nessa International Holdings
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FSN E-Commerce Ventures is currently trading at Rs. 180.60, up by 1.55 points or 0.87% from its previous closing of Rs. 179.05 on the BSE.
The scrip opened at Rs. 183.20 and has touched a high and low of Rs. 187.00 and Rs. 179.25 respectively. So far 242201 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 195.40 on 10-Jan-2024 and a 52 week low of Rs. 122.05 on 25-May-2023.
Last one week high and low of the scrip stood at Rs. 187.00 and Rs. 171.85 respectively. The current market cap of the company is Rs. 51143.11 crore.
The promoters holding in the company stood at 52.22%, while Institutions and Non-Institutions held 27.48% and 20.30% respectively.
FSN E-Commerce Ventures’ (Nykaa) wholly owned subsidiary-- FSN International has received approval for making further investment of up to $1.9 million in one of its overseas subsidiaries viz., Nessa International Holdings. The company is making strategic investment through FSN International for providing long term funds to Nessa International. The investment is expected to be completed by September 30, 2024. The Board of Directors of the company, at its meeting held on May 22, 2024, has approved the same.
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.
