Pantaloon to raise Rs 2,000 cr via pvt placement, IPO

New Delhi, Sept 26 (UNI) Pantaloon Retail India Ltd today said its board has approved to raise funds worth Rs 2,000 crore through private placement and initial public offering (IPO).

It's board has apoointed Future Ventures India Ltd as holding company for raising of funds, it said in a statement.

The board also recommended a dividend of Rs 0.50 (25 per cent) per equity share.

UNI