Pantaloon Retail divests stake in JV with UK firm

New Delhi, Nov 18: Pantaloon Retail (India), the flagship company of Kishore Biyani-controlled Future Group, on Tuesday, Nov 18 said it has divested its stake in its joint venture firm with British airport retailer Alpha Group Plc - Alpha Future Airport Retail Ltd.

The company has divested its holding in Alpha Future Retail in favour of Alpha Overseas Holdings Ltd, it said in a statement. It operates over 11 million square feet of retail space, having over 1,000 stores across 63 cities.

UNI