Omnichannel fashion and sweetness merchandiser Nykaa is bobbing up with a bonus issue of shares at its meeting on October 3.
throughout a communication to the stock exchanges on Wednesday, FSN E-Commerce Ventures Limited, the parent company of Nykaa said, “We would love to inform you that a gathering of the Board of directors of the company are reaching to be held on Monday, October 03, 2022, to, interalia, consider and approve the availability of Bonus Shares to the equity shareholders of the corporate inside the ratio, because it would deem match and seeking shareholders’ approval by manner of communication
ballot and such various approval(s), as a result of the Board might view as appropriate.”
Nykaa’s Performance in Market
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Nykaa is among the leading startups that went public last year and got listed on the stock exchanges on Gregorian calendar month 10, 2021. It had a awfully sturdy debut with over 80% rise in share price as compared to its initial public offering value of Rs 1,125 per share.
However, post the listing there has been pressure on its stock price given the broader economic science conditions and on Wed it closed at Rs 1277.35 per share.
For the first quarter of FY23, Nykaa reportable a consolidated net once tax of Rs 5 whole number that was a 42% growth from Rs 3.52 large integer recorded inside the year-ago period. On a serial basis, the company’s profits when tax slipped by 34% from this fall FY2022.
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