Pantaloon Retail allots 1.51 crore shares

Pantaloon Retail India Ltd has announced that the Committee of Directors at its meeting held on May 22, 2009, inter-alia has allotted 1,51,00,000 equity shares of Rs 2/- each at a premium of Rs 181/- per share aggregating to Rs 276.33 crores to the following allottees being Promoter / forming part of the Promoter group and Private Investors not forming part of Promoter Group on a preferential basis in accordance with Chapter XIII of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.

PFH Entertainment Ltd was allotted 1,10,00,000 equity shares and Dharmayug Investments Ltd was allotted 41,00,000 equity shares.

The Board allotted 50,00,000 warrants of Rs 2/- each at a premium of Rs 181/- per share aggregating to Rs 91.50 crores on receipt of the initial amount of Rs 22.875 crores (being 25% of the price fixed for the share arising out of such warrants) to PFH Entertainment Ltd, Promoter / forming part of the Promoter group on a preferential 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.

The stock closed the day at Rs.300.35, up by Rs.1.40 or 0.47%. The stock hit an intraday high of Rs.306 and low of Rs.291.

The total traded quantity was 1259404 compared to 2 week average of 682726.

Source : Equity Bulls

Keywords