The Exchange has sought clarification from FSN E Commerce Ventures Limited with respect to recent news item captioned Nykaa in talks to buy majority stake in Deepika Padukone's skincare brand 82 E. The response from the Company is awaited.
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The National Stock Exchange has sought clarification from FSN E-Commerce Ventures Limited (Nykaa) regarding a news article reporting that Nykaa is in talks to acquire a majority stake in actress Deepika Padukone's skincare brand called '82E'. The company has not yet responded to the exchange's query. This appears to be market speculation or preliminary talks, as no formal announcement about any acquisition has been made by the company. The exchange is seeking clarification to ensure compliance with disclosure norms and to address potential insider trading concerns.
Until the company confirms or denies the reports, investors should treat this as unverified market speculation. If confirmed, an acquisition of a celebrity-backed brand could be positive for Nykaa's portfolio expansion, but the current status remains uncertain.