Nykaa (FSN E-Commerce Ventures) allots 5.23 lakh equity shares (worth ~₹10.33 crore) to employees under its ESOP scheme.

This allotment is part of Nykaa’s consistent pattern of using ESOPs to reward, incentivize, and retain its workforce. Earlier this year, Nykaa issued 90,500 shares worth ₹1.49 crore in February and 17,010 shares valued at ₹0.32 crore in April. Moreover, during Q4 FY24, the company had allotted around 4.8 lakh shares between October and November.