Nykaa Allots Over 56K Shares Under ESOP Schemes

Nykaa allotted over 56,000 shares under its Employee Stock Ownership Plan (ESOP) schemes, a move aimed at incentivizing employees and aligning their interests with the company’s growth. The ESOPs were granted as part of Nykaa's broader strategy to reward employees for their contribution to the company’s success and foster long-term commitment. The allocation of shares is part of Nykaa's efforts to maintain its competitive edge in the e-commerce and beauty industry. With its strong market presence and growth trajectory, the company aims to offer more opportunities for employees to benefit from the company's success through equity-based incentives.