FSN E-Commerce Ventures Limited
SBI Mutual Fund increased its stake in FSN E-Commerce Ventures Limited (Nykaa) from 3.66% to 4.22%, acquiring 1,63,19,428 additional shares. The value of the additional shares is approximately ₹528 Cr, calculated at the last closing price of ₹323.05 per share.
A digitally native consumer technology platform delivering content-led lifestyle retail experiences across beauty, personal care, and fashion segments. The company operates a curated marketplace featuring diverse product portfolios from established brands alongside its own manufactured brands. It combines e-commerce infrastructure with lifestyle content to create an integrated shopping experience for Indian consumers seeking beauty, wellness, and fashion products.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.