Pantaloon Retail (India) is eyeing to raise funds and is considering various options of raising funds including rights issue, preferential issue and qualified institutional placement (QIP). The board will meet on October 03, 2011 to consider, discuss and transact the business.
Recently, Pantaloon Retail (India) was likely to exit its non-core businesses in order to pare debt and fund growth plans. The company aims to sell its stake in Future Capital Holdings within the next four to six months as one of the first steps towards achieving the goal.
Pantaloon Retail (India) is India’s leading retail chain and part of Indian conglomerate Future Group. It operates retail space spread over 11 million square feet. It has a network of more than 1000 stores across 63 cities in India and has employee strength of 30,000 people.
| Company Name | CMP |
|---|---|
| Avenue Supermarts | 4595.35 |
| Trent | 4435.60 |
| Vishal Mega Mart | 124.60 |
| Aditya Birla Lifesty | 109.08 |
| PN Gadgil Jewellers | 673.10 |
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