New Delhi: The board of directors of FSN E-commerce Ventures, in a board meeting on Tuesday, has considered undertaking group businesses restructuring initiatives to achieve various strategic objectives, the company said in a regulatory filing.
According to the filing, the key objective of these initiatives is to bring operational synergies by streamlining business operations and placing them with the entity that carries the relevant expertise and consolidation of owned brands business in the company which is aimed to be completed over a period of time.
On Tuesday, FSN E-commerce’s board has approved further investment in Nykaa Fashion by way of equity on a rights issue basis.
The funds invested will be utilised towards the repayment o…
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