Nykaa completes acquisition of additional 24.2% stake in Earth Rhythm

FSN E-Commerce Ventures, the parent company of Nykaa, has completed the acquisition of an additional 24.2% stake in beauty and personal care brand Earth Rhythm, following a board-approved transaction that was valued at up to Rs 9.4 crore. The company said in a stock exchange filing on Saturday that it had executed all the necessary transaction and procedural documents for the stake buy, and that the additional equity shares had been credited to its demat account. Nykaa's board had approved the p