Summary
Nykaa's parent company, FSN E-Commerce Ventures, has completed the acquisition of an additional 24.2% stake in Earth Rhythm for up to Rs 9.4 crore, further consolidating its ownership of the beauty and personal care brand. This move is part of Nykaa's strategy to expand its portfolio of owned and acquired beauty brands, following previous investments in Earth Rhythm and other brands like Dot & Key and Aminu.
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