Home Retail Pantaloon demerges sports business

    Pantaloon demerges sports business

    By  
    SHARE

    India Ltd, a part of the , today decided to split fashion and sports business of the joint venure entiy, .

    Pantaloons signs exclusive deal with Britain's Izabel London
    Izabel London is available in most of the major UK high street department stores and leading retail chains such as Debenhams, Dorothy Perkins, House of Fraser and many more

    The decision taken by the company’s board of directors was conveyed to (BSE).

    The Board also approved divestment from fashion business after retaining a minority holding and increasing holding in demerged sports business.

    A joint venture with Ltd for modernisation and development of Gold Mohur Mills at Dadar, Mumbai and Apollo Mills at NM Joshi Marg, Curry Road, Mumbai was also cleared by the Board.