Myntra receives capital infusion of $103 Mn from Singapore-based parent
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Ahead of festive season sale, Myntra has received a capital infusion of $103 Mn from Flipkart’s Singapore-based subsidiary FK Myntra Holdings. Myntra Jabong India issued 10,79,136 shares to FK Myntra Holdings, and 97,058 shares to QuickRoutes International on October 3, at a price per share of INR 6,427. Prior to this, in 2018, Myntra Jabong Pvt Ltd received a capital infusion of $176 Mn by FK Myntra Holdings.