RBI compounds Myntra FEMA violations on Rs 2.88 lakh penalty; ED shuts Rs 1,654 crore FDI probe
Myntra closes a regulatory overhang as RBI accepts a one-time Rs 2.88 lakh compounding fee for delayed Annual Performance Reports and Rs 3.03 crore ODI commitment lapses. The Enforcement Directorate has wound up its July 2025 investigation into FDI contraventions exceeding Rs 1,654 crore.
RBI has compounded Myntra's FEMA violations relating to delayed Annual Performance Reports and overseas direct investment commitments, after a one-time payment of Rs 2.88 lakh. ED closed its July 2025 probe covering FDI contraventions exceeding Rs 1,654 crore.