Franklin Templeton acquires 8.49% stake in Pantaloons Fashion

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New Delhi | Published: July 3, 2015 9:22:38 PM

Leading fund house Franklin Templeton has acquired 8.49 per cent stake, estimated to be worth over Rs 143 crore, in Pantaloons Fashion & Retail Ltd.

Pantaloons Fashion & Retail LtdA total of 4,784,239 shares of Pantaloons Fashion & Retail were acquired by Franklin India High Growth Companies Fund and the rest 3,095,663 shares by Franklin India Prima Fund. (Reuters)

Leading fund house Franklin Templeton has acquired 8.49 per cent stake, estimated to be worth over Rs 143 crore, in Pantaloons Fashion & Retail Ltd.

Franklin Templeton has acquired 7,879,902 equity shares of Kumar Mangalam Birla-led Aditya Birla Nuvo Ltd (ABNL) firm, the company said in a BSE filing.

It further informed that out of the total transaction, 4,784,239 shares of Pantaloons Fashion & Retail were acquired by Franklin India High Growth Companies Fund and the rest 3,095,663 shares by Franklin India Prima Fund.

The stake purchase took place on July 2, as per the BSE filing.

As per the yesterday’s closing price of Rs 181.50, the stake was worth Rs 143 crore.

Shares of Pantaloons Fashion & Retail today settled at Rs 183.90 apiece on BSE, up 1.32 per cent from previous close.

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