Kishore Biyani-promoted Pantaloon Retail India today said its shareholders will meet July 7 to approve the raising of additional long-term funds to the tune of Rs 1,000 crore through securities.     

An extraordinary general meeting would be held on July 7, for obtaining shareholders' approval for raising funds through issuance of equity-based securities to investors by various means, including public or private offerings or qualified institutional placement, Pantaloon said in a filing to the Bombay Stock Exchange.     

Click here for Cloud Computing

Also Read   Related Stories News Now - Pantaloon's sales surge on reviving consumer demand - Future Group to raise Rs 4,000 cr - Pantaloon surges 4% amid fund-raising plans - Pantaloon stock gains 4% on fund-raising plans - Pantaloon to raise Rs 1,000 crore from PEs - Pantaloon Retail arm close to equity deal with Carrefour

Also Read   Related Stories News Now - Wall Street up on Greece, but gains seen limited - FII-TO-FII: Pantaloon traded at 7% premium - Civic polls: Saffron alliance retains Mumbai, Thane - MCX awaits trading rules in commodity options, indices - Govt to provide incentives for electronic chip manufacturing More

The amount, not exceeding Rs 1,000 crore, may be raised in one or more tranches.     

Shares of Pantaloon were trading at Rs 318.40, down 0.40 per cent on the BSE.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street up on Greece, but gains seen limited - FII-TO-FII: Pantaloon traded at 7% premium - Civic polls: Saffron alliance retains Mumbai, Thane - MCX awaits trading rules in commodity options, indices - Govt to provide incentives for electronic chip manufacturing

Tags : Pantaloon Retail | Kishore Biyani | shareholders | QIP   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Earn fuel worth Rs.2400 with Citi -  India's No. 1 Property Site. Click here to know more.. -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Medium-sized businesses are the engines of a smarter planet. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more