Home Retail Pantaloon Retail awards bonus shares

    Pantaloon Retail awards bonus shares


    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.

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    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.