Singapore-headquartered Arisaig Partners which already held a 5.04 percent stake in Pantaloon Retail India has now acquired an additional 2.11 percent stake in the retailer.
With the acquisition of 4,371,786 shares, stake of Arisaig has risen to 7.15 percent in Pantaloon Retail, said a filing in the Bombay Stock Exchange (BSE).
Recently, Aditya Birla Nuvo, which has well-known apparel brands under its fold, acquired a controlling stake in the apparel retail business of Pantaloon Retail for Rs 16 billion.
Fibre2fashion News Desk - India
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