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Pantaloon to dilute 15% equity to raise Rs 1,500 cr

04 Oct 2011 Evaluate

Pantaloon Retail India (PRIL) plans to raise up to Rs 1,500 crore by issuing equity-linked securities amounting to stake dilution of not more than 15%. PRIL’s approved the raising of additional long term funds. The securities could be either convertible instruments, convertible into shares, debt instruments with attached warrants giving right to the holder of such warrants to subscribe for Equity/Class B Shares, issue of Equity/Class B shares.

Peers
Company Name CMP
Avenue Supermarts 3687.90
Trent 2804.40
Vishal Mega Mart 101.50
Aditya Birla Life 83.43
PN Gadgil Jewellers 613.50
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