Pantaloon pares gains, ends flat
The stock touched a high of Rs 228 and a low of Rs 206. It finally ended flat at Rs 211. Around 529,363 shares were traded on the BSE today.
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(Updated at 1013 hrs)
Pantaloon Retail India has moved up this morning after it got shareholders’ approval to raise Rs 368 crore from sale of equity and linked warrants to promoters and select investors.
The stock today opened at Rs 218, up 3%, and is now trading at Rs 217. The counter has clocked trades of 20,068 shares on the BSE so far.
This move will help the promoters to raise their stake to 51% from 46.5%.
Click here to read more: Pantaloon gets nod to raise Rs 368 cr