India Pantaloon Retail to raise 4 bln rupees

Newswire

MUMBAI, June 29 (Reuters) - Pantaloon Retail , India's largest listed retailer, on Tuesday said it would raise 4 billion rupees ($86 million) by issuing convertible warrants to founders at 400 rupees each. Each warrant is convertible into one share within 18 months from the date of allotment, the retailer said. ($1=46.5 rupees) (Reporting by Janaki Krishnan)

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