Business Daily from THE HINDU group of publications
Saturday, Aug 26, 2006
Business Daily from THE HINDU group of publications Saturday, Aug 26, 2006 |
|
|
|
|
|
|
|
Markets
-
Public Offer Marketing - Retailing Our Bureau
Mumbai , Aug. 25 Pantaloon Retail India Ltd proposes to raise up to Rs 260 crore through a follow-on issue of shares. The company's board which met here on Thursday, has also decided to issue 12.12 lakh warrants at a price of Rs 1,635 per warrant, aggregating Rs 198.24 crore, to promoters and their associates with an option to the warrant holders to acquire the same number of shares within a period of 18 months. The board has also decided to divest up to 24 per cent of the company's stake in its subsidiaries to raise up to Rs 500 crore. In a notice to the stock exchanges, the company said an EGM would be held on September 22, to seek shareholder's approval.
More Stories on : Public Offer | Retailing
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|