Max Ventures and Industries’ wholly owned subsidiary - Max I, has acquired 2,69,955 equity shares of Rs 10 each of FSN E-Commerce Ventures (FSN) on December 08, 2016, which represents its 1.99% equity capital. FSN is engaged in the business of selling cosmetic products, personal and home accessories to consumers in India through e-commerce platform ‘Nykaa.com’.
Max Ventures and Industries was formed as one of the resultant entities following the demerger of the erstwhile Max India in January 2016.