India's Birla to invest 8 bln rupees in Pantaloon

Newswire

MUMBAI, April 30 (Reuters) - India's Pantaloon Retail , the country's largest listed retailer, plans to spin-off its branded apparel business under the Pantaloons brand into a separate company, a source with direct knowledge of the development told Reuters. Aditya Birla Nuvo, which owns several branded apparel brands such as Louise Phillipe and Allen Solly will invest 8 billion Indian rupees ($152 million) in the spun-off business, the source added. Pantaloon Retail, controlled by Kishore ...

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