Nykaa Fashion: FSN E-commerce board approves restructuring of group businesses to streamline operations, ET Retail
FSN E-commerce's board has approved further investment in Nykaa Fashion by way of equity on a rights issue basis. Further, its board has approved the acquisition of the athleisure and lingerie business of Nykaa Fashion as a going concern on a slump sale basis, in accordance with the business transfer agreement (BTA) to be entered between the companies on an arm's length basis.
Source: indiatimes.com