Investor Presentaiton
Other Announcements
ā Further investment by the Company in Nykaa Fashion Limited by way of rights issue:
FSN E-Commerce Ventures Limited is infusing additional equity into Nykaa Fashion Limited to be utilised for repayment of
loans given by the Company.
Acquisition of Lingerie & Athleisure business by way of slump sale from Nykaa Fashion Limited to
FSN E-Commerce Ventures Limited:
The board has approved to consolidate the Athleisure and Lingerie business of Nykaa Fashion Limited, which is a wholly
owned subsidiary of the Company, into FSN E-commerce Ventures Limited. This will help to streamline and consolidate
owned brand business in a single entity in a phased manner, similar to beauty owned brands business which are already
within FSN E-commerce Ventures Limited.
ā Demerger of eB2B business from FSN Distribution to Nykaa E-Retail:
The board has approved demerger of eB2B business "Superstore by Nykaa" from FSN Distribution Limited to Nykaa E-
Retail Ltd. This will help consolidate our online beauty business in a single entity. The proposed demerger will drive
synergies in two businesses which have common physical and technology infrastructure, common brand partners as well
as are involved in the retail/distribution of common products. The scheme is subject to necessary regulatory and
stakeholder approval.
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