Pantaloon Retail allots 5 million shares

Pantaloon Retail (India) Ltd has announced that the Committee of Directors of the Company at their Meeting held on September 09, 2010, have made allotment of 50,00,000 Equity shares of Rs. 2/- each at a premium of Rs. 181/- per share to Future Corporate Resources Ltd. (FCRL) (Formerly known as PFH Entertainment Ltd.) promoter group Company, on conversion of warrants allotted to them.

The stock closed the day at Rs.486.35, up by Rs.4 or 0.83%. The stock hit an intraday high of Rs.491 and low of Rs.484.25.

The total traded quantity was 27535 compared to 2 week average of 33375.

Source : Equity Bulls

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