Myntra receives ₹1,062 cr from Singapore parent
Myntra has received ₹1,062.5 crore ($125 million) from its Singapore-based parent company FK Myntra Holdings. The company’s board has allotted 19,43,753 equity shares at an issue price of ₹5,466 per share through a rights issue, raising the stated amount, according to a regulatory filing by Tofler. Walmart-backed Flipkart had infused $81 million in Myntra’s holding company in February earlier this year. Besides, Myntra had also received $339 million from Flipkart in March 2024.
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