The board will meet to consider fund raising proposal for the company, including rights issue.
Shares of Pantaloons Fashion & Retail jumped another 4 percent intraday on Friday ahead of a board meeting today. The board will meet to consider fund raising proposal for the company, including rights issue.
Meanwhile, a media report indicates that Kumar Mangalam Birla is planning to restructure the group's retail business and create one conglomerate.
The reports say, quoting sources, KM Birla is thinking of de-mergeing Fashion & Lifestyle vertical from Aditya Birla Nuvo and Madura Garments. Pantaloons Fashion & Retail, Jayashree and More are likely to be merged as part of the process.
At 12:22 hrs Pantaloons Fashion & Retail was quoting at Rs 128.40, up Rs 4.60, or 3.72 percent.
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