Mumbai, March 12 -- The primary objective of the new subsidiary is to engage in the trading and dealing of a wide range of products, including cosmetics, toiletries, beauty and personal care items, health care products, lifestyle products, perfumery items, and other related goods.

Nykaa Essentials has an authorized share capital of Rs 10 lakh, with a paid-up share capital of Rs 5 lakh. FSN E-Commerce Ventures will hold 100% of the shareholding in the new subsidiary.

The incorporation of Nykaa Essentials does not qualify as a related party transaction, and no promoter or promoter group entity has any interest in the newly established subsidiary.

The official announcement was made on 11 March 2025, after market hours.

Nykaa (FSN E-Comme...