Pantaloon denies Future Cap stake sale
Agencies: Dec 07 2011, 11:12 IST
Pantaloon Retail (India), part of Kishore Biyani-run Future Group, denied on Wednesday a report that it had agreed to sell its stake in group firm Future Capital Holdings to Deccan Chronicle Holdings.
The company denies any such transaction at this stage, Pantaloon Retail, India's largest listed retailer, said in a statement to the Bombay Stock Exchange.
The report said the deal would be worth between Rs 6 billion and Rs 7 billion . ($116.7 million-$136.2 million). ($1 = 51.4 rupees)
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