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Nykaa: Nyka changed the record date for bonus shares, investors will get 5 shares instead of 1

Nykaa Bonus Shares : Beauty and wellness company Nykaa is going to give a great gift to its investors. Nykaa will give bonus shares in the ratio of 5:1. This means that the investor of Nykaa will get 5 bonus shares for every 1 share. Let us tell you that Nykaa’s company FSN E-Commerce Ventures Ltd has revised its record date for issue of bonus shares.

Change in record date
Nykaa Board of Directors has changed the record date of Bonus Shares. The record date of bonus shares was earlier 3 November 2022, which has been revised by the company to 11 November 2022. Shares of Nykaa closed at Rs 994.80 on BSE on Friday. The Nykaa board had fixed November 11 as the record date for issue of bonus shares. This means that this stock can trade as ex-bonus from 1 day before i.e. from 10 November.

record drop continues
Nykaa has announced the record date for the bonus share at such a time. When its shares are seeing a record fall. Shares of Nykaa have reached their all-time low of Rs 975.00 after falling on October 28. Also, this was the first time that the price of Nykaa shares fell below Rs 1,000.

Record and ex-bonus date
The record date is the date on which the company recognizes the investors who are eligible to receive the bonus shares. At the same time, the ex-bonus date is the last date for any investor to buy shares, if he wants to take advantage of bonus shares. After this day a new buyer will not be able to get the bonus share.

Shares fell 22.57 percent in 30 days
In the stock exchanges, the shares of Nykaa were at a price of Rs 2001 with a bumper increase on 10 November 2021. This was nearly 78 per cent higher than its IPO price of Rs 1,125. After listing on the stock exchanges, its shares had reached a price of Rs 2,574 on 26 November, the highest level ever. After this, the period of decline in Nyka shares started, it is continuing till now. Shares of Nykaa have fallen about 22.57 per cent in the last one month. At the same time, since the beginning of this year, it has declined by about 52.32 percent. It is to be known that the lock-in period of Nykaa’s pre-IPO investor is going to end on November 10, 2022. Heavy selling is being seen in this stock since last few weeks. According to sources, about 67 percent or 31.9 crore shares of Nykaa are going to open on the day of lock-in expiry.

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