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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…
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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…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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