Pantaloon Retail India Ltd is all set to raise Rs 200 crore by issuing 4,000,000 equity shares of Rs 2 each at a premium of Rs 498 to private equity and institutional investors.
The board has also decided to issue of 21,200,000 warrants at a price of Rs 500 per warrant aggregating to Rs 1060 crore to promoter group, Pantaloon Employee welfare trust and select employees of the company.
Pantaloon Retail stock currently trades at Rs 487 on the NSE. Check out this exclusive retail India website for more details on business and operations of all retailers in India.