Home / Knowledge / News / Apparel/Garments / Pantaloons Retail to raise Rs 500 crores
Pantaloons Retail to raise Rs 500 crores
19
Jul '14
In a filing with the Bombay Stock Exchange (BSE), Pantaloons Fashion & Retail Ltd which manages 75 lifestyle stores across India, says that it plans to raise up to Rs 500 crore, through different means, including a rights issue.

In the filing, Pantaloons says, “The Board of Directors of the company at its meeting held on July 18, 2014, has approved raising of funds for an amount not exceeding Rs 500 crore through various means, subject to receipt of necessary approvals”.

Of the Rs 500 crores, Pantaloons, which is part of Kumar Mangalam Birla-led Aditya Birla Nuvo Ltd, proposes to raise up to Rs 300 crore through a rights issue to its eligible shareholders.

The Board has also approved and duly constituted a committee of directors to decide and approve the terms and conditions of the Rights Issue, including the rights entitlement ratio, issue price, record date, timing of the Rights Issue and other incidental matters.

The filing however does not mention as to where the proceeds will be utilized. 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Nifttea

Textiles | On 27th Jul 2016

NIFT-TEA to develop waterless cotton dyeing machine

The NIFT-TEA Knitwear Fashion Institute is working in collaboration...

Textiles | On 27th Jul 2016

Mauritius Text export earnings to shrink 10 % post Brexit

Earnings from textile exports by Mauritius to Britain are likely to...

Apparel/Garments | On 27th Jul 2016

Alibaba to expand operations Down under

The world's largest online and mobile commerce company Alibaba Group...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search