MoneyWorks4Me

Max Ventures’ arm acquires 1.99% stake in FSN

09 Dec 2016 Evaluate

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.


Peers
Company Name CMP
Bajaj Finserv 1729.90
TVS Holdings 11885.75
Cholamandalam Fin. 1371.35
Altius Telecom Infra 179.00
Kama Holdings 2259.85
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