Pantaloon Retail India Ltd has informed that the Board of Directors of the Company at its meeting held on September 26, 2007, inter alia, has taken the following decisions:
1. Recommended a dividend of Rs 0.50 (25%) per equity share.
2. The Board has accorded its approval as ultimate holding Company to Future Ventures India Ltd for raising of funds through Private Placement and Initial Public Offering (IPO) of Equity Shares and / or convertible instruments into equity of around Rs 2,000 crores.
Pantaloon Retail India Ltd
marketing@alchempro.com
