In November last year, the initial public offering IPO of cosmetics and fashion company Nykaa was launched. Now in six months of IPO, Nykaa has announced investment in three companies. These three companies are – Onesto Labs, Earth Rhythm and Kika. In one of these companies, Nykaa has taken an entire stake.
Here are the details of the deal: Anchit Nair, chief executive officer (e-commerce, beauty) of Nykaa said that 18.51 per cent stake in Earth Rhythm, a science-based beauty product maker, has been acquired. An investment of Rs 41.65 crore has been made on this. Along with this, Nykaa has also taken 60 per cent stake in Onesto Labs by investing Rs 3.6 crore.
Kika’s entire stake: At the same time, 100% stake in activewear brand Kika has been taken for Rs 4.51 crore. Advaita Nair, Co-Founder and CEO, Nykaa Fashion, welcomed the Kika brand to her fashion business.
Read this-Edible oil prices will increase in India! Tension with this announcement of Indonesia
Share status: On Friday, the share price of Nykaa rose 0.55 per cent to Rs 1830.25. Let us tell you that the company’s IPO was launched in November. There was a strong listing of the IPO. The price range for the IPO was kept at Rs 1,085-1,125 per share. The company’s share price had reached an all-time high of Rs 2,574 on 26 November 2021.