FSN E-Commerce Ventures Approves INR 220.1M Investment in Subsidiary FSN International

The Board of Directors of FSN E-Commerce Ventures Ltd has approved two investment proposals: an additional INR 200 million investment in FSN International Ltd, a wholly-owned subsidiary, and USD 1.9 million investment by FSN International in Nessa International Holdings Ltd. These investments are expected to be completed by September 30, 2024. FSN International is engaged in the business of selling beauty, wellness, fitness, personal care, health care, skin care, hair care and related products, and exports and retails Beauty and Personal care (BPC) products. The Company is making strategic investments for providing long term funds to FSN International. Both transactions are in compliance with SEBI Listing Regulations and are expected to be completed on a cash basis.