InvestorQ : When is the bonus issue of Nykaa expected?
Neelam Naik made post

When is the bonus issue of Nykaa expected?

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Anu Biswas answered.
2 months ago
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Let me clarify that the bonus has not been announced, but the meeting in October will consider the bonus issue. In fact, the board of Nykaa (FSN Ecommerce) will meet on 03rd October to consider and approve the issue of bonus shares to existing shareholders. The IPO was at a huge premium, which can be used to issue bonus to the shareholders. It must be remembered that bonuses are always value neutral, but they do manage to bring the stock price into a popular range that is found attractive by retail investors. For the June quarter, Nykaa had shown active growth in gross merchandise value (GMV).

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