Pantaloon Retail to transfer 53.67% to Future Capital

Future Group firm Pantaloon Retail India (PRIL) will transfer its 53.67 per cent stake in Future Capital Holdings Ltd to Future Value Retail (FVRL).

Written by Agencies | New Delhi | Published:May 14, 2012 9:46 pm

Future Group firm Pantaloon Retail India (PRIL) will transfer its 53.67 per cent stake in Future Capital Holdings Ltd to Future Value Retail (FVRL).

Future Value Retail is a wholly-owned subsidiary of Pantaloon Retail (India) Ltd.

The proposed transfer will be completed within 90 days starting May 18,2012,Future Capital Holdings said in a BSE filing.

Around 3.4 crore shares would be transferred by PRIL to FVRL at a weighted average market price of Rs 133.89.

Shares of Future Capital Holdings Ltd closed at Rs 135.20 apiece,down 0.33 per cent from the previous close on the BSE.

For all the latest News Archive News, download Indian Express App

  1. No Comments.