Pantaloon Retail, a part of Future Group has announced the allotment of bonus shares. The decision was taken in the committee meeting of the company that was held on November 10.
In a filing to Bombay Stock Exchange, the Mumbai-based company said that the committee of directors of the company have made allotment of 1,59,29,152 equity shares (class B shares series 1) of Rs 2 each to existing members of the company as bonus shares in the ratio of one Class B share (series 1) for every ten equity shares held in the company.
Kishore Biyani-led Pantaloon Retail operates primarily the ‘Lifestyle’ and ‘Value’ formats through multiple delivery mechanisms and lines of business.
