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Legal Notice Targets Purple Style Labs IPO and Axis Capital Investor Note

AXIS Capital logoAXIS Capital
Sig2.65Sen-4.15Env0.00Soc0.00Gov-6.35

A legal notice from fashion entrepreneur Pernia Qureshi and her consultancy challenges an August 26 investor communication circulated by Axis Capital ahead of Purple Style Labs’ IPO. Qureshi’s side argues the note overstated the scope of rights under the licence, differing from offer documents, and denied permission for standalone use of the Pernia name. The notice was copied to IIFL Capital and SEBI days before subscriptions.

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