FSN E-Commerce Ventures gains as its stepdown arm incorporates Wholly Owned Subsidiary in Dubai
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FSN E-Commerce Ventures is currently trading at Rs. 179.35, up by 1.70 points or 0.96% from its previous closing of Rs. 177.65 on the BSE.
The scrip opened at Rs. 179.20 and has touched a high and low of Rs. 187.85 and Rs. 179.20 respectively. So far 115136 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 229.90 on 23-Aug-2024 and a 52 week low of Rs. 139.95 on 13-Feb-2024.
Last one week high and low of the scrip stood at Rs. 194.00 and Rs. 175.45 respectively. The current market cap of the company is Rs. 50776.75 crore.
The promoters holding in the company stood at 52.18%, while Institutions and Non-Institutions held 31.97% and 15.84% respectively.
FSN E-Commerce Ventures’ stepdown subsidiary -- Nessa International Holdings has incorporated a new Wholly Owned Subsidiary in Jebel Ali Free Zone, Dubai, United Arab Emirates by the name ‘Nysaa Distribution FZE, a Free Zone Establishment with limited liability.
The main object of the new subsidiary company are Beauty and Personal Care Equipment Trading; Beauty and Personal Care Requisites Trading; Perfumes & Cosmetics Trading; and Soap & Hair Care Products Trading.
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.
