Nykaa bonus share issue: Nykaa board approves 5:1 bonus shares issue; stock surges 8% – Blue Barrows

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.

More to come…