Akshata Sharma
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Beauty ecommerce major Nykaa is looking to raise INR 125 Cr (about $15 Mn) via non-convertible debentures (NCDs) from an undisclosed foreign portfolio investor
In an exchange filing, the company said that the board of directors of Nykaa E- Retail Limited, a wholly owned subsidiary of FSN ECommerce Ventures Limited, has approved and authorised the issuance of up to 12,500 NCDs at a face value of INR 1 Lakh each to raise INR 125 Cr.
This comes weeks after its step-down subsidiary Nessa International Holdings incorporated a wholly-owned subsidiary in Qatar - Nysaa Cosmetics Trading.
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