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Online fashion retailer Myntra has received fresh funding of Rs 1,062.5 crore ($124 million) from its Singapore-based parent entity FK Myntra Holdings at a time when the company has expanded its services to Singapore.
According to regulatory filings accessed from the Registrar of Companies (RoC), 19,43,753 equity shares of of Myntra Designs Private Limited have been allotted to FK Myntra Holdings Private Limited at an issue price of Rs 5,465.23 each on a rights basis to raise the total amount. The development was first reported by Entrackr.
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