India Pantaloon taking over home business from unit


MUMBAI, Feb 24 (Reuters) - Pantaloon Retail , India's largest listed retailer, said on Wednesday it was taking over the consumer durables and home furnishing and furniture business from its subsidiary. Pantaloon will issue about 6 million shares of 2 rupees each for the around 10 million shares in the unit, excluding those owned by the company. It will also give 6.35 million preference shares of 100 rupees each to the unit's shareholders, that can be converted into equity within 12 ...

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