Nykaa stock split

FSN E-Commerce, the online and offline fashion and lifestyle company founded by former investment banker Falguni Nayyar, has come up with nykaa stock split first big idea to impress its shareholders. The company, which is better known in the market by its brand name Nykaa, has declared a bonus in the ratio of In other words, shareholders of Nykaa will get 5 shares for every 1 share held. In short, nykaa stock split, the shareholder holding shares of Nykaa prior to the bonus record date would be holding shares after the bonus.

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Nykaa stock split

According to an exchange filing by FSN E-Commerce Ventures, the parent company of Nykaa, the company's board has revised the record date for determining the eligibility of the shareholders who would receive the benefit of the corporate action. The company had on October 3 approved the issuance of bonus shares to its existing shareholders in the ratio of It means that Nykaa shareholders will get 5 bonus shares for every one share. The company had declared that the record date for the Nykaa bonus share would be November 3. But the e-commerce company which sells beauty, wellness and fashion products has now postponed the record date by a week. The new record date for the Nykaa bonus share is November 11, according to the filing. Nykaa was founded by Falguni Nayar in Nykaa IPO was subscribed Nykaa share price has tanked around 40 per cent in the past 6 months and 16 per cent in one month. Post listing, the stock hit a record high of Rs Thereafter the stock started correcting and hit a record low of Rs on Friday, 28 October , sliding below the IPO issue price of Rs 1, Shares of Nykaa on Monday zoomed 20 per cent to settle at Rs A share or stock trades ex-date usually a business day before the record date. Accordingly, Nykaa bonus ex-date would be a trading session prior to the record date which is November Nykaa shares ex-date would be November 10 Thursday , meaning the stocks of the beauty brand would trade ex-bonus date just a day before the record date.

Most Successful. Further, the company has fixed Thursday, November 03,as the record date for the purpose of determining members eligible for Bonus equity shares.

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Nykaa on Monday announced that its board at its meet held today has approved the issuance of bonus equity shares of the company in the ratio of i. The company said that the issuance of bonus shares will be out of Securities Premium Account available as on March 31, Bonus shares are fully paid additional shares issued by a company to its existing shareholders. The actual number of bonus equity shares to be issued and post bonus issue share capital will be determined based on the paid-up share capital as on the record date, the company added. Further, the company has fixed Thursday, November 03, , as the record date for the purpose of determining members eligible for Bonus equity shares.

Nykaa stock split

Shares of Nykaa are in focus after the company announced a bonus share issue. The stock is under selling pressure after the bonus shares were listed on the exchanges. Bonus shares are additional shares given to the current shareholders. Nykaa announced a bonus issue in the ratio of This means that Nykaa shareholders will get 5 bonus shares for every one share they hold. When the share price of a company is too high, it becomes difficult for new investors to buy shares of that particular company. Companies issue bonus shares to encourage retail participation.

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Elections Valuation Trends in your Portfolio. Participants Wise Open Interest. Configure Alerts. Rapid Results. Nykaa shares clock week high as investors cheer cosmetics-to-fashion retailer's strong Q3 business update. Top Gainers. However, the value addition could come from the reduction in the stock price, which brings it into the retail investor radar. Best Performers. Beta 1Year.

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Watchlist Import. Portfolio NAV: View performance. Prime Account Detected! My Parameter Lists. Your Portfolio. By definition, bonus issues are value neutral. Elections Compound Interest: How Rs 2 lakh may grow to Rs 20 lakh; how 1-year interest becomes more than total investment. Nykaa's board has approved bonus issue of 5 shares for every 1 share held. Nykaa share price has zoomed over 20 per cent in the last two days. Results for my Watchlist stocks. Share this Comment: Post to Twitter. Email Alert. Invest Now.