Pantaloons Up 5% on Fund-Raising Plans
Shares of Pantaloons Fashion & Retail Ltd gain 4.9 per cent after the company said late on Tuesday that its board is meeting on Friday to consider the fund-raising proposals, including a rights issue.
Analysts said any fund raising via the equity route would help the company to lower its debt-equity ratio, which is at 1.5 times as per Thomson Reuters data.
Copyright: Thomson Reuters 2014
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