FSN E-Commerce Ventures Limited — JV/Acquisition, 04-08-2026: Acquisition

Nykaa (FSN E-Commerce Ventures Limited) is acquiring a 51% controlling stake in Aminu Wellness Private Limited for up to INR 32 Cr in cash. Aminu, a skincare brand with FY26 turnover of 19.44 Cr, offers premium products and strong R&D capabilities. This strategic move enhances Nykaa's Beauty & Personal Care portfolio and strengthens its presence in India's growing premium skincare market. By leveraging Aminu's omnichannel distribution, Nykaa aims to boost its product offerings and market reach. The acquisition is expected to be completed by September 15, 2026.