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FSN E-Commerce approves arm's investment in subsidiary

02 Feb 2024 Evaluate

FSN E-Commerce Ventures’ board has approved the proposal of investment by Nessa International Holdings (Nessa International), a subsidiary of the Company into Nysaa Beauty LLC, a wholly owned subsidiary of Nessa International, for first investment of an amount up to $2.5 million in one or more tranches.

The Fundraise & Investment Committee of the Board of Directors of the FSN E-Commerce Ventures on February 01, 2024, has approved the same. Nessa International is making its first strategic investment in Nysaa Beauty LLC, for operational support. The investment is expected to be completed by March 31, 2024.

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.


FSN E-Commerce Share Price

269.65 7.15 (2.72%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Eternal 252.60
Meesho 163.65
Swiggy 277.60
FSN E-Commerce 269.65
Brainbees Solutions 252.40
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