Pantaloon Retail India announced collaboration with the kidswear giant, Gini & Jony, to set up stores.
Pantaloon will also purchase 33 percent in Capital Foods Ltd. and Capital Foods Exports Pvt. Ltd which makes ready-to-eat foods and condiments.
Company also revealed plans to launch a non-banking financial company.
Shares in the company rose more than two percent to 1720.25 rupees in a firm market.
Pantaloon, under the leadership of Kishore Biyani, has evolved as a leading manufacturer-retailer in the country with 16 Pantaloon stores and 21 hypermarkets (Big Bazaar), 33 Food Bazaars, 3 central, 2 Fashion Station, 2 aLL and 1 MeLa store operational across the country.
marketing@alchempro.com
