FSN E-Commerce Ventures has received approval from board of directors to make further investment up to Rs 20.00 crore in FSN International, a wholly owned subsidiary of the Company, on rights basis. The company is making strategic investment for providing long term funds to FSN International.
The company has also received approval to make further investment up to $2 million by FSN International in one of its overseas subsidiaries viz., Nessa International Holdings (Nessa International). The Company is making strategic investment through FSN International for providing long term funds to Nessa International.
Upon completion of the aforesaid transactions, FSN International will continue to be wholly owned subsidiary of the Company and Nessa International will continue to be subsidiary of FSN International and step down subsidiary of the Company. The Fundraise & Investment Committee of the Board of Directors of the Company, on June 28, 2023, has approved the same.
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.
| Company Name | CMP |
|---|---|
| Eternal | 252.60 |
| Meesho | 163.65 |
| Swiggy | 277.60 |
| FSN E-Commerce | 269.65 |
| Brainbees Solutions | 252.40 |
| View more.. | |
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