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FSN E-Commerce Ventures acquires stake in FSN International

01 Sep 2023 Evaluate

FSN E-Commerce Ventures has acquired 39,78,000 equity shares of Rs 10 each at par on rights basis of FSN International, a wholly owned subsidiary of the Company. After the said acquisition, FSN International continues to be a wholly owned subsidiary of the Company. The Company is making strategic investment for providing long term funds to FSN International.

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.

Peers
Company Name CMP
Eternal 360.80
Swiggy 189.45
Meesho 248.15
FSN E-Comm. Ventur. 355.00
Brainbees Solutions 163.80
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