Nykaa stock split

According to an exchange filing by FSN E-Commerce Ventures, the parent company of Nykaa, the company's board has revised the record date for determining the eligibility nykaa stock split the shareholders who would receive the benefit of the corporate action, nykaa stock split. The company had on October 3 approved the issuance of bonus shares to its existing shareholders in the ratio of It means that Nykaa shareholders will get 5 bonus shares for every one share.

FSN E-Commerce, the online and offline fashion and lifestyle company founded by former investment banker Falguni Nayyar, has come up with the first big idea to impress its shareholders. The company, which is better known in the market by its brand name Nykaa, has declared a bonus in the ratio of In other words, shareholders of Nykaa will get 5 shares for every 1 share held. In short, the shareholder holding shares of Nykaa prior to the bonus record date would be holding shares after the bonus. Of course the bonus move would be value neutral to the shareholders, but more on that later. However, towards the end of the day, the stock had given up most of its gains. On Tuesday, the reaction is not too substantive as the stock is just up about 1.

Nykaa stock split

Nykaa on Monday announced that its board at its meet held today has approved the issuance of bonus equity shares of the company in the ratio of i. The company said that the issuance of bonus shares will be out of Securities Premium Account available as on March 31, Bonus shares are fully paid additional shares issued by a company to its existing shareholders. The actual number of bonus equity shares to be issued and post bonus issue share capital will be determined based on the paid-up share capital as on the record date, the company added. Further, the company has fixed Thursday, November 03, , as the record date for the purpose of determining members eligible for Bonus equity shares. Founded in by former investment banker Falguni Nayar, the company has a diverse portfolio of beauty, personnel care and fashion products, including its owned manufactured brand products under its two business verticals, Nykaa and Nykaa Fashion. Milestone Alert! Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed — it's all here, just a click away! Login Now! Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile! Looks like you have exceeded the limit to bookmark the image.

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Nykaa stock split

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