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Purple Style Labs Clears ₹420 Crore Investment, IPO Proceeds To Fund PSL Retail Lease Liabilities

Purple Style Labs Clears ₹420 Crore Investment, IPO Proceeds To Fund PSL Retail Lease Liabilities
Photo: Free Press Journal · view original

Mumbai: Purple Style Labs Limited has approved a Rs 420 crore investment in its wholly owned subsidiary, PSL Retail Private Limited, using part of the proceeds from its public offering. The board cleared the proposal on September 15. The investment will be executed through a rights issue and alig...

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