India's Pantaloons up on fund-raising plans

Written by Reuters | Updated: Jul 16 2014, 19:18pm hrs
PantaloonsPantaloons Fashion & Retail Ltd's board is meeting on Friday to consider the fund-raising proposals.
Shares of India's Pantaloons Fashion & Retail Ltd gain 5 percent after the company said late on Tuesday that its board is meeting on Friday to consider the fund-raising proposals, including a rights issue.

Analysts say any fund raising via the equity route would help the company to lower its debt-equity ratio, which is at 1.5 times as per Thomson Reuters data.