Pantaloon shareholders to mull fund raising plan

Agencies
Posted: Monday, Jun 15, 2009 at 1118 hrs IST
Updated: Monday, Jun 15, 2009 at 1118 hrs IST

Font Size

Feedback

Discuss

Vishal Retail signs CDR pact with lenders Rosebys plans 500-700 stores over next 5 yrs Titan's watches stores to number 300 by March 2010 Gitanjali forays into exclusive retail; plans 60 s...

Mumbai: Kishore Biyani-promoted Pantaloon Retail India said its shareholders will meet July 7 to approve the raising of additional long-term funds to the tune of Rs 1,000 crore through securities.

An extraordinary general meeting would be held on July 7, for obtaining shareholders' approval for raising funds through issuance of equity-based securities to investors by various means, including public or private offerings or qualified institutional placement, Pantaloon said in a filing to the Bombay Stock Exchange.

Earlier this month, the board of directors had approved the said fund-raising proposal.

The amount, not exceeding Rs 1,000 crore, may be raised in one or more tranches.

Shares of Pantaloon were trading at Rs 318.40, down 0.40 per cent on the BSE.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.