Nykaa Bonus Share: A gift to the shareholders on Navratri, Nykaa announced to give 1:5 bonus share

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Nykaa Share Price: Falguni Nayar’s beauty and wellness brand Nykaa has given a big gift to its shareholders on festivals. Nykaa has announced to give five bonus shares to its shareholders for one share. On Monday, there was a meeting of the board of FSN E-Commerce Ventures, the company that owns the Nykaa brand. The Board has given its approval to the shareholders on 5 bonus shares in lieu of Air Shares. As soon as this news came to the fore, Nykaa’s stock ran like a rocket.

Bonus Shares to Nykaa Shareholders
Nykaa informed in the regulatory filings of the stock exchanges that the board meeting of the company held on 3 October 2022 has given its approval for giving five bonus shares at the rate of Re 1 per share instead of Re 1 share. The company said that bonus shares will be given on the basis of record date after the approval of the shareholders through postal ballot.

November 3 is the record date
The board of the company has fixed the record date on Thursday, November 3, 2022, for the shareholders who are eligible to receive the bonus shares. And the bonus shares will be issued to the shareholders within two months from the date of sanction of bonus shares i.e. by December 2, 2022.

Rocket became Nykaa’s share
As soon as the board of the company put its stamp on giving 5 bonus shares to the shareholders instead of one share, Nykaa’s stock became a rocket. The stock jumped Rs 142 i.e. 11 percent and started trading at Rs 1414. Whereas on Friday the stock closed at Rs 1272.

Did Dhamal in 2021
Nykaa was listed on the stock market in November 2021. Then the stock created panic with a great listing. Nykaa’s share of Rs 1125 had reached Rs 2573. However, later the stock came down due to profit-booking. At present, the stock is trading 50 percent below its high.

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