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    Sonal Shridhar Shinde in News

    03-Oct-2022 01:16 PM


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    Nykaa bonus shares' issue announced in 1:5 ratio. Check record date

    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 1:5 i.e., the company will issue bonus of 5 shares for every 1 share held as on the record date.

    Nykaa shares were trading over 7% higher on the BSE at ₹1,366 apiece.

    Bonus shares are fully paid additional shares issued by a company to its existing shareholders.

    Founded in 2012 by former investment banker Falguni Nayar, the company has a diverse portfolio of beauty, personnel care and fashion products, including its owned manufactured brand products under its two business verticals, Nykaa and Nykaa Fashion.

    The company's shares got listed on stock exchanges BSE and NSE in November last year.
    Source: Mint
    #Nykaa