Business Update6 Feb 2024, 09:03 pm
FSN E-Commerce Ventures Limited to undertake group business restructuring initiatives
AI Summary
The company has approved the investment in Nykaa Fashion Limited by way of rights issue and the acquisition of Lingerie & Athleisure business from Nykaa Fashion Limited through slump sale. Additionally, the company has approved the demerger of e-b2b business from FSN Distribution Limited to Nykaa E-Retail Limited.,
Key Highlights
- Investment in Nykaa Fashion Limited by way of rights issue
- Acquisition of Lingerie & Athleisure business from Nykaa Fashion Limited through slump sale
- Demerger of e-b2b business from FSN Distribution Limited to Nykaa E-Retail Limited