Nykaa Clarifies OpenAI Partnership, Denies Material Non-Public Info

FSN E-Commerce Ventures Ltd (Nykaa) has responded to a clarification sought by BSE regarding a news item about a partnership with OpenAI for AI-enabled shopping. The company confirmed that such collaborations are part of its ordinary course of business and that it remains in discussions with various parties. Nykaa stated that it will make appropriate disclosures as and when due. The company also clarified that there is no material non-public information that could impact the scrip's price or volume behavior, attributing any trading movements to market factors. Furthermore, Nykaa confirmed no pending legal or regulatory proceedings related to the matter.