Nykaa to turn ex-date on Thursday for 5:1 bonus issue; stock sheds 4%

Shares of FSN E-Commerce Ventures (Nykaa) slipped 4 per cent to Rs 1,091 on the BSE in Wednesday’s intra-day ahead of the record date for its 5:1 bonus share issue i.e. five bonus shares for every one share held in the company.

The board of the company has fixed Friday, November 11, 2022 as the ‘Record Date’ for the purpose of determining the members eligible for bonus equity shares. The stock will turn ex-date for bonus shares on Thursday, November 10, 2022.

FSN E-Commerce Ventures, more commonly known as Nykaa, is a consumer technology platform, delivering a content-led, lifestyle retail experience to consumers through its diverse portfolio of beauty, personal care & fashion products including their own brand products.