NYKAA · FSN E-Commerce Ventures Limited · BSE · Filed 5 Sept · 1 min read

Nykaa raises stake in subsidiary Earth Rhythm by a further 24.2%

FSN E-Commerce Ventures says it has completed the purchase of an additional 24.2% in Earth Rhythm, with the shares credited to its demat account.

What was filed

FSN E-Commerce Ventures Limited, which operates Nykaa, told the exchanges it has completed a transaction to increase its shareholding in Earth Rhythm Private Limited, an existing subsidiary. Per the filing, the company executed all necessary transaction and procedural documents, and the additional equity shares have been duly credited to its demat account.

The step follows a board approval dated May 21, 2026, under which the directors sanctioned an increase in shareholding not exceeding 24.2% in Earth Rhythm. This intimation confirms that the approved transaction has now closed.

What the filing does not say

The disclosure is confined to the completion of the stake increase. It does not state the consideration paid, the resulting total shareholding in Earth Rhythm, or the valuation attached to the transaction. This is a short procedural confirmation that the earlier board-approved step has now closed, and those specifics are not part of it.

Additional equity shareholding secured: 24.2%

The transaction raises Nykaa's ownership in an existing subsidiary, which may affect how Earth Rhythm's results consolidate into the group; the filing does not disclose the price paid or the new total stake, so the financial scale of the change is not quantified here.