Nykaa Stock Surges 8%, Board Approves 5:1 Bonus Shares Issue
The board of FSN E-Commerce Ventures, the parent company of e-commerce brand Nykaa, has announced five bonus shares
The board of FSN E-Commerce Ventures, the parent company of e-commerce brand Nykaa, has announced five bonus shares for each share shareholders hold, the company informed the stock exchanges.
The board has fixed November 3, 2022, as the record date for determining investors’ eligibility for the bonus shares.
Following this development, the stock jumped close to 8 per cent to trade at Rs 1,370.65 over the previous close of Rs 1,273.80.
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