Myntra Gets INR 1,062 Cr From Singapore Parent

Myntra’s board approved a resolution to allot 19.43 Lakh equity shares to its Singapore-based parent entity on April 29 at a face value of INR 1 and a premium of INR 5,465.23

This comes a couple of months after reports surfaced that Flipkart pumped $81 Mn into the fashion ecommerce major in November 2024

The fashion marketplace turned profitable in FY24, reporting a net profit of INR 30.9 Cr as against a loss of INR 782.4 Cr in FY23

Fashion ecommerce giant Myntra has…