NYKAA announces bonus share issue in 1:5 ratio.

Bonus Issue

Falguni Nayar launched the Indian e-commerce business Nykaa in 2012, and it has its headquarters in Mumbai.

Products for beauty, wellness, and fashion are sold on its websites, mobile apps, and in more than 100 physical stores. Nykaa became the first unicorn firm in India to have a female CEO in 2020.

Nykaa at its board meeting held on Monday, October 03, approved a bonus in the ratio of 1:5. According to Nykaa in a regulatory filing.

Nykaa will issue a bonus of 5 shares for every 1 share held as on the record date. Nykaa said in a regulatory filing.

Nykaa board has fixed Thursday, November 03, 2022, as the record date to determine members eligible for Bonus Equity Shares.

The record date is the date set forth by the company that determines which shareholders are eligible to receive the bonus. It is also known as the cut-off date.