Pantaloon Retail approves preferential allotment of 1212480 warrants

Pantaloon Retail India Ltd has announced that the Committee of Directors (CoD) of the Company at its meeting held on October 05, 2006 inter alia, have approved the allotment of 1212480 warrants to Erudite Trading Pvt Ltd, a part of the promoter group on a preferential allotment basis with an option attached to the warrant holder to acquire, for every warrant, one fully paid up equity share within 18 months from the date of allotment of the warrants in accordance with Securities and Exchange Board of India (Disclosure & Investor Protection) Guidelines,2000 as amended from time to time.

Source : Equity Bulls

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