FSN E-Commerce Ventures Limited has successfully completed the transaction to further increase its shareholding in its subsidiary, Earth Rhythm Private Limited. The company has acquired an additional 24.2% equity shareholding, bringing its total ownership stake to a higher percentage. All necessary procedural documents for this transaction have been executed, and the additional shares have been credited to the company’s demat account as of May 21, 2026.
Increased Shareholding in Earth Rhythm
FSN E-Commerce Ventures Limited announced today the successful completion of a transaction aimed at increasing its stake in its subsidiary, Earth Rhythm Private Limited. This move signifies a deeper investment and control in the subsidiary’s operations and future growth.
Transaction Details
The Board of Directors of FSN E-Commerce Ventures Limited had previously approved an increase in shareholding not exceeding 24.2% in Earth Rhythm. The company has now confirmed that all necessary transactional and procedural documents have been executed to finalize this increase. Consequently, an additional 24.2% equity shareholding in Earth Rhythm has been secured by FSN E-Commerce Ventures Limited.
Share Credited to Demat Account
The newly acquired equity shares corresponding to the additional 24.2% stake have been duly credited to the company’s demat account. This formalizes the increased ownership and reflects the completion of the announced expansion of FSN E-Commerce Ventures Limited’s interest in its subsidiary.
Source: BSE
