Home Retail Pantaloon Retail awards bonus shares

    Pantaloon Retail awards bonus shares

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    Pantaloon Retail, a part of Future Group has announced the allotment of bonus shares. The decision was taken in the committee meeting of the company that was held on November 10.

    Aditya Birla Fashion & Retail posts Rs 109 crore loss for Q4
    Besides, the company's board has approved acquisition of online and offline rights of global brand Forever 21 for the Indian market.

    In a filing to Bombay Stock Exchange, the Mumbai-based company said that the committee of directors of the company have made allotment of 1,59,29,152 equity shares (class B shares series 1) of Rs 2 each to existing members of the company as bonus shares in the ratio of one Class B share (series 1) for every ten equity shares held in the company.

    Kishore Biyani-led Pantaloon Retail operates primarily the ‘Lifestyle’ and ‘Value’ formats through multiple delivery mechanisms and lines of business.