Pantaloon Retail EGM to okay Rs 458 cr issue plan

New Delhi, Sep 1 (UNI) Pantaloon Retail India Ltd today said its EGM will meet on September 22 to approve the proposal to raise Rs 458 crore to issue of securities to investors including promoters.

The company will issue and allot equity shares with or without detachable warrants and fully convertible debentures for an aggregate issue size of Rs 260 crore, a company statement said.

Besides, it would also issue and allot 12,12,480 warrants with an option to the warrant holder(s) to acquire, for every warrant, one fully paid up equity share for Rs 10 each at a price of Rs 1,635 per warrant aggregating to an issue price of nearly Rs 198 crore.

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