Home Retail 12 promoters pledge 19 pc stake in Pantaloon Retail

    12 promoters pledge 19 pc stake in Pantaloon Retail

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    firm has said that 12 of its promoters, including managing director , have pledged 3.10 crore shares representing a 19.49 per cent stake in the firm.

    In a disclosure to the Bombay , Pantaloon said Biyani, who is also CEO of Future Group, has pledged 11.30 lakh shares or 0.71 per cent stake in the retail entity.

    At the end of December quarter, 15 promoters held a total of 46.50 per cent stake in Pantaloon Retail, including Kishore Biyani’s 5.15 per cent, as per information on the BSE website.

    Further, 10 other promoters — including Gopikishan Biyani (1.32 per cent), Vijay Biyani (1.73 per cent), Sunil Biyani (1.41 per cent), PFH Entertainment (2.67 per cent) and Manz Retail (2.51 per cent) — have pledged the remaining 13.08 per cent stake to the lenders.

    — IndiaRetailing Bureau