Nykaa stock split

Nykaa on Monday announced that its board at its meet held today has approved the issuance of bonus equity shares of the company in the ratio of i. Nykaa stock split company said that the issuance of bonus shares will be out of Securities Premium Account available as on March 31, Bonus shares are fully paid additional shares issued by a company to its existing shareholders. The actual number of bonus equity shares to be issued and post bonus issue share capital will be determined based on the paid-up share capital as on the record date, nykaa stock split, the company added.

FSN E-Commerce, the online and offline fashion and lifestyle company founded by former investment banker Falguni Nayyar, has come up with the first big idea to impress its shareholders. The company, which is better known in the market by its brand name Nykaa, has declared a bonus in the ratio of In other words, shareholders of Nykaa will get 5 shares for every 1 share held. In short, the shareholder holding shares of Nykaa prior to the bonus record date would be holding shares after the bonus. Of course the bonus move would be value neutral to the shareholders, but more on that later. However, towards the end of the day, the stock had given up most of its gains.

Nykaa stock split

According to an exchange filing by FSN E-Commerce Ventures, the parent company of Nykaa, the company's board has revised the record date for determining the eligibility of the shareholders who would receive the benefit of the corporate action. The company had on October 3 approved the issuance of bonus shares to its existing shareholders in the ratio of It means that Nykaa shareholders will get 5 bonus shares for every one share. The company had declared that the record date for the Nykaa bonus share would be November 3. But the e-commerce company which sells beauty, wellness and fashion products has now postponed the record date by a week. The new record date for the Nykaa bonus share is November 11, according to the filing. Nykaa was founded by Falguni Nayar in Nykaa IPO was subscribed Nykaa share price has tanked around 40 per cent in the past 6 months and 16 per cent in one month. Post listing, the stock hit a record high of Rs Thereafter the stock started correcting and hit a record low of Rs on Friday, 28 October , sliding below the IPO issue price of Rs 1,

Mutual Funds. Milestone Alert! Nykaa shares clock week high as investors cheer cosmetics-to-fashion retailer's strong Q3 business update.

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Nykaa stock split

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Configure Alert. Track Your Watchlists. On the same day, the one-year lock-in period for pre-IPO investors is set to end, which could result in some of them dumping Nykaa shares. Results for my Watchlist stocks. Excel Import. Daily Digest. Corporate Actions. Portfolio Report. Watchlist Import. Volume and Delivery. Keep track of your watchlist stocks - news, latest corporate announcements and more. Crypto Returns Calculator. Active Stocks. Set watchlist alerts. View watchlist alerts.

Shares of Nykaa are in focus after the company announced a bonus share issue. The stock is under selling pressure after the bonus shares were listed on the exchanges.

Commodities Views News. Will the bonus add value to Nykaa shareholders? Nykaa board approves bonus shares issue. Remove some to bookmark this image. Analyst Estimates. Mumbai: Analysts are recommending retail investors against rushing to buy FSN E-Commerce Ventures , owner of e-commerce retailer Nykaa, later this week. Mobile Number. Results for my Portfolio stocks. All Superstar Investors. Create Daily Deals Alert. Would this really add value to shareholders? Wait for it… Log in to our website to save your bookmarks.