Purple Style Labs Clears ₹420 Crore Investment, IPO Proceeds To Fund PSL Retail Lease Liabilities
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 aligns with the IPO objectives disclosed in the company’s prospectus dated September 2, 2026. Rights Issue…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
