Brief: FSN E-Commerce Ventures Approves Further Investment In Nykaa Fashion By Way Of Rights Issue

Fsn E-Commerce Ventures

06/02/2024 10:11

Feb 6 (Reuters) - Fsn E-Commerce Ventures Ltd  FSNE.NS :
    * APPROVED FURTHER INVESTMENT BY COMPANY IN NYKAA FASHION
LIMITED
BY WAY OF RIGHTS ISSUE
    * APPROVED DEMERGER OF E-B2B BUSINESS FROM FSN DISTRIBUTION
LIMITED TO NYKAA E-RETAIL LIMITED
    * ACQUISITION OF LINGERIE & ATHLEISURE BUSINESS BY SLUMP
SALE FROM
NYKAA FASHION TO FSN E-COMMERCE VENTURES
    * COST OF ACQUISITION FOR LINGERIE & ATHLEISURE BUSINESS
2.29
BILLION RUPEES
    * CO TO ACQUIRE SHARES OF NYKAA FASHION WORTH 1.5 BILLION
RUPEES
ON RIGHTS BASIS

Source text for Eikon:  ID:nBSE70pXbg 
Further company coverage:  FSNE.NS 

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