FSN E-Commerce, the parent company of Nykaa, at its board meeting held on Monday approved bonus share issue in the ratio of 5:1.
The board has fixed November 3, 2022, as the record date for determining investors’ eligibility for the bonus shares.
Following this development, the stock jumped close to 8 per cent to trade at Rs 1,370.65 over the previous close of Rs 1,273.80.
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