Pantaloon Retail India Ltd has announced that the Committee of Directors of the Company at its Meeting held on November 10, 2008, have made allotment of 1,59,29,152 Equity shares (Class B shares Series 1) of Rs 2/- each to existing members of the Company as bonus shares in the ratio of 1 (one) Class B share (Series 1) for every 10 (ten) equity shares held in the Company.