FSN E-Commerce Ventures Limited (NSEI:NYKAA) agreed to acquire Iluminar Media Private Limited on August 5, 2022. Nykaa will acquire 100 per cent stake in LBB in an all-cash. The transaction is subject to approval of Nykaa.

FSN E-Commerce Ventures Limited (NSEI:NYKAA) completed the acquisition of Iluminar Media Private Limited on September 10, 2022. The transaction is approved by board of Nykaa. Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to FSN E-Commerce Ventures Limited in the transaction.