Pantaloon Retail to spin off sports business
New
Delhi,
Nov
15:
Pantaloon
Retail
India
Ltd
today
said
its
board
has
decided
to
spin
off
the
sports
business
of
its
joint
venture
Planet
Retail
Holdings
Pvt
Ltd
into
a
separate
entity.
The board also approved setting up a joint venture with National Textile Corporation for modernisation and development of two of its mills, it said in a statement.
UNI
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Story first published: Thursday, November 15, 2007, 15:14 [IST]