Pantaloons Fashion & Retail has informed that the Board of Directors of the Company at its meeting held on January 07, 2015, has approved issuance of Non-Convertible Debentures of up to Rs 1000 Crore on Private Placement basis, in one or more tranches, subject to the approval of Shareholders of the Company, which would be obtained by way of Postal Ballot.
The above information is a part of company’s filings submitted to BSE.