TEXT-Fitch: Pantaloon Retail to be Unaffected by Format Business Demerger

Newswire

(The following was released by the rating agency) MUMBAI/SINGAPORE, May 28 (Fitch) Fitch Ratings says that the proposed demerger of the Pantaloon format business (Pantaloon Retail and Pantaloon Factory outlets) is not expected to impact the credit profile of Pantaloon Retail India Limited (PRIL, 'Fitch A-(ind)'/Stable) and Future Value Retail Limited (FVRL, 'Fitch A-(ind)/Stable). Aditya Birla Nuvo Limited (ABNL) has proposed to acquire a controlling interest in the new entity post ...

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