Record date for bonus share issue of Nykaa changed to November 11th, from November 3rd

31 Oct 2022 , 09:52 AM

The record date for bonus shares has been changed by Nykaa to November 11. Nykaa is a fashion and beauty start-up.

In a regulatory filing to the exchanges, the company said, “We refer to our letter dated October 03, 2022, regarding the issue of bonus equity shares of the company in the ratio of 5 fully paid-up equity shares of ₹ 1/- each for every 1 fully paid-up equity share of Re 1/- each, subject to the approval of shareholders by way of postal ballot and inform that pursuant to Regulation 42 of SEBI Listing Regulations, the board of the company has fixed Friday, November 11, 2022, as the ‘record date’ for the purpose of determining the members eligible for bonus equity shares,”

As of the record date, which was previously set for November 3, the firm approved the issuance of a 5:1 bonus share issue, or 5 fully paid-up equity shares of Rs1 each for every one fully paid-up equity share.

The stock touched a 52-week low of Rs975 per share in the previous session. The company is seeing a significant sell-off ahead of the end of the required anchor investor lock-in period after a stellar launching in November of last year.

Compared to its 52-week high price, the stock is currently trading at a discount of almost 62%.

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