Nykaa Completes Acquisition Of Additional 39% Stake In Dot & Key
Summary
After the latest transaction, Nykaa’s shareholding in Dot & Key has increased to 90% from 51% earlier, it said in an exchange filing on Saturday (September 21). Last month, Nykaa had said it would purchase 5.29 Lakh equity shares of Dot & Key from promoters and existing shareholders. It also has clutter-breaking packaging, unique and patented.” Besides Dot & Key, Nykaa had also announced plans to acquire an additional stake in beauty brand Earth Rhythm for INR 44.5 Cr. Nykaa has incorporated two new subsidiaries in Qatar and Saudi Arabia under the brand name Nysaa as the company looks to capitalise on the market opportunity in the the Gulf Cooperation Council (GCC) region. The GCC has a per capita spend of a whopping $500/annum on beauty and personal care products, one of the highest globally.