Nykaa share price jumps 4% on account of bonus issue news - key things to know
Nykaa bonus share news: Nykaa share price jumped over 4 per cent on account of the announcement that the company could soon announce bonus shares

Nykaa bonus share news: Nykaa share price on Thursday jumped over 4 per cent on account of the announcement that the company could soon announce bonus shares. The counter made a high of Rs 1349.90 on the NSE in the morning trade, jumping over 4 per cent.
Fsn E-Commerce Ventures, the parent company of Nykaa, in a regulatory filing on Wednesday, said that the company's board of directors is scheduled for October 3 to consider and approve the issuance of bonus shares to shareholders.
“We wish to inform you that a meeting of the Board of Directors of the Company will be held on Monday, October 03, 2022, to, interalia, consider and approve the issuance of Bonus Shares to the equity shareholders of the Company in the ratio, as it may deem fit and seeking shareholders’ approval by way of postal ballot and such other approval(s), as the Board may deem appropriate,” it said.
Nykaa is an Indian e-commerce company, founded by Falguni Nayar in 2012. It sells beauty, wellness and fashion products across websites, mobile apps and 100+ offline stores. In 2020, it became a unicorn startup.
The company went public last year. It made a debut on the exchanges on November 10, 2021, listing at 80 per cent premium.
The 2-week range of Nykaa's share price is Rs 2,573.70 - Rs 1,207.50.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

SIP Calculation at 12% Annualised Return: Rs 10,000 monthly SIP for 20 years, Rs 15,000 for 15 or Rs 20,000 for 10, which do you think works best?

FD Rates for Rs 10 lakh investment: Compare SBI, PNB, HDFC, ICICI, and Post Office 5-year fixed deposit returns

LIC Saral Pension Plan: How much should you invest one time to get Rs 64,000 annual pension for life?

SIP Calculation at 12% Annualised Return: Rs 1,000 monthly SIP for 20 years, Rs 4,000 for 5 years or Rs 10,000 for 2 years, which do you think works best?

UPS vs NPS vs OPS: Last-drawn basic salary Rs 90,000 and pensionable service 27 years? What can be your monthly pension in each scheme?

Monthly Pension Calculations: Is your basic pension Rs 26,000, Rs 38,000, or Rs 47,000? Know what can be your total pension as per latest DR rates
02:25 PM IST