FSN E-Commerce Ventures rises as its arm incorporates wholly owned subsidiary in Qatar
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FSN E-Commerce Ventures is currently trading at Rs. 173.45, up by 2.35 points or 1.37% from its previous closing of Rs. 171.10 on the BSE.
The scrip opened at Rs. 172.00 and has touched a high and low of Rs. 174.90 and Rs. 171.00 respectively. So far 125178 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. 130.00 on 14-Aug-2023.
Last one week high and low of the scrip stood at Rs. 177.60 and Rs. 170.00 respectively. The current market cap of the company is Rs. 49566.04 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’ a step-down subsidiary -- Nessa International Holdings has incorporated a new Wholly Owned Subsidiary in Qatar by the name ‘Nysaa Cosmetics Trading’, a Single-Member Limited Liability Company.
The main object of the new subsidiary company is to trade in women's cosmetics, toiletry and beauty and hair care products; to trade in perfumes; and to trade in beauty soap. Nessa International, a subsidiary of the Company will hold 100% of the shareholding of ‘Nysaa Cosmetics 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.
