Pantaloon Retail raises Rs 2 bn via equity shares
Pantaloon Retail raises Rs 2 bn via equity shares
Pantaloon Retail has raised Rs 2 billion through allotment of equity shares to private investors, reports Business Line.
>
The committee of directors has approved the allotment of 4 million shares at a price of Rs 500 each on preferential basis to private investors.
Pantaloon Retail India (PRIL), incorporated on Oct. 12, 1987, is a part of Future Group, a diversified conglomerate with presence in multiple consumer-centric businesses.
Shares of the company gained Rs 14.55, or 2.77%, to trade at Rs 539.95. The total volume of shares traded was 153,935 at the BSE. (1.46 pm ,Friday)
