Pantaloon Retail is planning to raise funds worth Rs 1550 crore

2009 April 16

tags: Analysis-Reports, Latest News, Pantaloon Retail, share market of India

by prashant

Pantaloon Retail is planning to raise funds worth Rs 1550 crore, reports CNBC-TV18 quoting sources. The company is planning to raise Rs 500 crore via Private Equity in subsidiaries. The company is going to sell stake in Future Logistics, Future Knowledge Srvc & Future Brands.

Pantaloon is looking at stake sale of under 26% in each of the subsidiaries. It is looking to raise Rs 750 crore for retail business. Pantaloon earlier announced demerger of Future Fashion & consumer enterprise. Pantaloon board approved raising Rs 327.83 crore via preferential allotment to promoters

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DISCLAIMER : Stock trading involves high risk and one can lose Substantial amount of money.The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only.

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Pantaloon Retail is planning to raise funds worth Rs 1550 crore

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