Future Group subsidiary Pantaloon Retail is planning to raise up to Rs 500 crore by offloading the non-core assets of the company as part of its restructuring plans.

“We have various plans for the company. Offloading the non-core assets of Pantaloon to raise close to Rs 300-500 crore is one of them,” Future Group CEO Kishore Biyani said.

Also Read   Related Stories News Now - Pantaloon to raise Rs 500 cr by selling non-core biz - FII-TO-FII: Pantaloon traded at 5% premium - Sales not impacted by swine flu so far: Aditya Birla Retail - Pantaloon sales in Pune down by 20%: Biyani - FII-TO-FII: Pantaloon traded at 14% premium - Pantaloon realignment not happening right now: Biyani

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At present, FDI is prohibited in multi-brand retailing, and only 51 per cent FDI is allowed in single brand stores.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

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