FSN E-Commerce Ventures approves investment proposals

FSN E-Commerce Ventures approves investment proposals

FSN E-Commerce Ventures Approves Investment Proposals

The Fundraise & Investment Committee of the Board of Directors of FSN E-Commerce Ventures Limited has granted approval for two significant investment proposals. The committee met on Wednesday, June 28, 2023, to discuss and finalize the following decisions:

  1. Additional Investment in FSN International Private Limited: FSN E-Commerce Ventures Limited plans to make a further investment of up to INR 200 million in its wholly owned subsidiary, FSN International Private Limited. This investment will be carried out on a rights basis. The purpose of this investment is to strengthen and support the operations of FSN International.
  2. Further Investment by FSN International in Nessa International Holdings Limited: FSN International intends to invest up to USD 2 million in one of its overseas subsidiaries, namely Nessa International Holdings Limited. This investment will bolster the growth and expansion of Nessa International, positioning it as a key player in the international market.

Following the completion of these transactions, FSN International will continue to be a wholly owned subsidiary of FSN E-Commerce Ventures Limited. Nessa International will retain its status as a subsidiary of FSN International and a step-down subsidiary of FSN E-Commerce Ventures Limited.

About FSN E-Commerce Ventures:

FSN E-Commerce Ventures Limited operates as a consumer technology platform company. The company is involved in the production, sale, and distribution of beauty, wellness, fitness, personal care, healthcare, skincare, and hair care products.

For more of the Latest News, Click Here

Leave a Reply

Your email address will not be published. Required fields are marked *