The record date for 5:1 bonus shares has been moved from 3 November 2022 to 11 November 2022 by the board of FSN E-Commerce Ventures (Nykaa).
The company’s board of directors approved the issuance of 5 bonus equity shares for each share held on October 3, 2022. (5:1).
In the last three straight sessions, the stock lost 14% of its value. Investors are concerned that, one year after Nykaa officially listed on the bourses, the lock-in period for pre-IPO shareholders (promoters, workers, and other institutions) expires on November 10, 2022.