Nykaa Allots INR 15.9 Cr Worth Of Equity Shares Under ESOP Schemes

Nykaa Allots INR 15.9 Cr Worth Of Equity Shares Under ESOP Schemes

SUMMARY

The company said that the equity shares were allotted pursuant to the exercise of vested stock options under ESOP schemes.

On 12 September, Kotak Institutional Equities downgraded the Nykaa to 'sell' from the earlier 'add' rating.

In Q1, Nykaa reported operating revenue of INR 1,746.1 Cr and a net profit of INR 13.6 Cr while the EBITDA margin increased to 5.5% YoY.

Beauty and fashion ecommerce startup Nykaa has allocated 7.65 Lakh equity shares under its employee stock option (ESOP) schemes. 

In an exchange filing, the startup said, “We wish to inform you that the Nomination and Remuneration Committee of FSN E-Commerce Ventures Limited (‘Company’) on September 12, 2024 has allotted 7,65,086 equity shares.” 

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