Nykaa Announces Allotment of Equity Shares under Employee Stock Options
Nykaa on June 14th, announced the allotment of Equity Shares under Employee Stock Options with 4,73,138 Equity Shares of face value Re.1/-
by Damodharan N
Updated Jun 14, 2024
Mumbai, June 14, 2024 – FSN E-Commerce Ventures Limited, operating under the popular brand Nykaa, has announced the allotment of 4,73,138 Equity Shares of face value Re.1/- each. These shares were allotted under the company’s Employee Stock Option Scheme, following approval from the Nomination and Remuneration Committee.
Key Details:
- Allotment: The shares have been allotted to employees who exercised their vested stock options.
- Parity: The newly allotted equity shares will rank pari-passu with the existing shares of the company in all respects.
- Regulatory Compliance: This disclosure complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
About Nykaa
Nykaa, synonymous with quality and authenticity, has transformed the landscape of e-retail in beauty and personal care in India. Offering over 2400 genuine brands across various categories including makeup, skincare, haircare, and wellness.
Nykaa continues to cater to the evolving needs of consumers with its comprehensive product selection and dedicated customer service.Derived from the Sanskrit word ‘Nayaka’, meaning actress or one in the spotlight.
Nykaa aims to empower women by celebrating their unique identities and personal styles. The brand’s commitment to delivering excellence in beauty products and customer satisfaction remains unwavering, reflecting its motto: "Your Beauty is Our Passion."
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Nykaa Announces Allotment of Equity Shares under Employee Stock Options - FAQs
1. How many equity shares were allotted under Nykaa's Employee Stock Option Scheme?
There are total of 4,73,138 Equity Shares of face value Re.1/- each.
2. Who are the recipients of these allotted shares?
The Employees who exercised their vested stock options.
3. How do the newly allotted shares rank compared to existing shares?
They rank pari-passu with the existing shares of the company.
4. What does pari-passu mean?
"Pari-passu" means that shares or securities are equal in rank and entitlement without any one having an advantage over the others.