At 2:05 pm today, FSN E-Commerce Ventures Limited’s shares were trading on the NSE at ₹161.65, marking a decrease of ₹4.14 or 2.50 percent.
Nykaa’s parent company, FSN E-Commerce Ventures Limited, recently unveiled a new wholly owned subsidiary named Nykaa Essentials Private Limited on March 11. The subsidiary, headquartered in Mumbai, Maharashtra, will concentrate on the beauty and personal care retail business across e-commerce platforms and physical stores.
Nykaa Essentials Private Limited has an authorized share capital of ₹10 crore, with an initial paid-up share capital of ₹5 lakh, all held by FSN E-Commerce Ventures. The primary objective of this new entity is to engage in the trade of cosmetics, toiletries, beauty, personal care, healthcare products, lifestyle products, and perfumery goods, although operations have yet to commence.
Notably, the formation of Nykaa Essentials Private Limited does not constitute related party transactions, and no promoter or promoter group entity has shown interest in the subsidiary. Nykaa, established in 2012, is bolstering its presence in India’s burgeoning beauty and personal care market through this strategic addition to its corporate structure.
