Home / Knowledge / News / Apparel/Garments / Franklin Templeton picks 8.49% stake in Pantaloons Fashion
Franklin Templeton picks 8.49% stake in Pantaloons Fashion
04
Jul '15
Two funds managed by mutual fund house Franklin Templeton acquired 8.49 per cent stake in fashion retailer Pantaloons Fashion & Retail Ltd, at Rs 165 a piece totaling to over Rs 143 crore.

In a BSE filing, Pantaloons Fashion said Franklin Templeton has acquired 7,879,902 equity shares of the Aditya Birla Nuvo Ltd (ABNL) company.

Of the 7,879,902 equity shares, 4,784,239 shares were acquired by Franklin India High Growth Companies Fund and the rest 3,095,663 by Franklin India Prima Fund.

Kishore Biyani of the Future Group had ceded control of the 65 store-strong retail network of Pantaloons Fashion & Retail to the Kumara Mangalam Birla led Aditya Birla Nuvo more than two years back.

For the fourth quarter of fiscal 2015, Pantaloons Fashion had posted net sales at Rs 450.51 crore, up 12.5 per cent over the same quarter of fiscal 2014.

The fashion retailer also was able to reduce net loss to Rs 63.78 crore in the same quarter as against net loss of Rs 70.75 crore in the fourth quarter of its prior fiscal. (AR)

Fibre2Fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 6th Mar 2021

USTR releases 2021 President’s Trade Agenda, 2020 Annual Report

The Office of the United States Trade Representative recently...

Pic: Jilsander

Fashion | On 6th Mar 2021

Italy's OTB acquires Jil Sander brand from Onward Holdings

Japan's Onward Holdings has announced selling its loss-making Jil...

Pic: Shutterstock

Apparel/Garments | On 6th Mar 2021

Garment industry coalition calls for democracy restoration in Myanmar

A coalition of nine EU and US initiatives linked to the garment,...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Joachim Maier,

Joachim Maier

Switzerland-based Uster Technologies AG is the leading high technology...

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Wolfgang Muller,

Wolfgang Muller

Mayer & Cie is a leading global manufacturer of circular knitting...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


March 2021

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


Advanced Search