India, Sept. 16 -- Decision of Board of Directors of Purple Style Labs dated September 15, 2026 - The Board of Directors of Purple Style Labs have decided to invest Rs. 420 crores in their wholly owned subsidiary company PSL Retail Private Limited by acquiring equity shares through rights issue.

The investment is being made in line with the objects of Purple Style Labs' recent IPO. The company plans to utilise a portion of the net proceeds from its fresh equity issue for this investment.

Investment Details The Rs. 420 crore investment will be made through a rights issue in PSL Retail. The transaction involves the acquisition of 42 crore equity shares at Rs. 10 per share, according to the reported transaction details. The investment is ...