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Nykaa's bonus shares issue record date this week. Check details
Shares of FSN E-Commerce Ventures, the parent of cosmetics-to-fashion retailer Nykaa, will start trading ex-bonus later this week on Thursday, November 10, 2022, a day ahead of its record date for the bonus issue of equity shares in the ratio of 1:5. Last month, Nykaa announced that its board 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. The company said that the issuance of bonus shares will be out of Securities Premium Account available as on March 31, 2022. Bonus shares are fully paid additional shares issued by a company to its existing shareholders. The company believes that Bonus Shares will encourage the participation of retail investors in the long term, as well as see a wider shareholding. Nykaa posted a multi-fold increase in its consolidated net profit at ₹5.19 crore for the three months ended September 2022 as compared to ₹1.17 crore in the same period a year ago. Source - Mint #Nykaa #shares
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