Megisba malaya, the Malayan, is a small species of butterfly found in South Asia and Southeast Asia. It belongs to the family of gossamer-winged butterflies (Lycaenidae). The species was first described by Thomas Horsfield in 1928.

It ranges from Sri Lanka and southern India to Bengal, and from Kumaon to Assam in India and Nepal, onto Myanmar. The butterfly is also found in Andaman and Nicobar Islands. It is usually not a rare species, but may be less common, even rare, in parts of its range.

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