FSN E-Commerce Ventures Limited has announced that its wholly-owned subsidiary, Nykaa E-Retail Limited, has successfully completed the full redemption of its issued Unlisted, Unsecured, Unrated, Redeemable, Non-Convertible Debentures (NCDs). This action was carried out in accordance with the pre-agreed terms and conditions, bringing closure to this specific financial instrument.
Subsidiary Completes Debt Redemption
FSN E-Commerce Ventures Limited, operating under the brand Nykaa, has officially confirmed the completion of a significant financial transaction by its wholly-owned subsidiary, Nykaa E-Retail Limited. As per an announcement made on August 12, 2026, Nykaa E-Retail Limited has finalized the full redemption of its outstanding Unlisted, Unsecured, Unrated, Redeemable, Non-Convertible Debentures (NCDs).
Terms and Compliance
The redemption of these NCDs was executed in strict adherence to the terms and conditions that were previously agreed upon. This development signifies the settlement of this particular debt instrument by the subsidiary, ensuring compliance with its financial obligations as outlined in the initial agreements.
Source: BSE
