Pantaloon Industries to delist from BSE, promoters to acquire entire stake

Pantaloon Industries Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 28, 2006, for delisting the equity shares of the Company from the Bombay Stock Exchange Ltd pursuant to the intimation from Manz Retail Pvt Ltd and PFH Entertainment Ltd, part of the Promoter Group of the Company, of their intention to acquire public shareholding in the Company i.e. presently 23,82,800 fully paid-up equity shares of Rs 10/- each aggregating to 40.67% of the paid-up equity share capital of the Company by making a voluntary delisting offer to the shareholders of the Company in accordance with the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003, subject to necessary provisions & approvals.

Source : Equity Bulls

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