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Home / India News / 2007 / January / January 8, 2007
News about Pantaloon Retail (India) Limited - National Stock Exchange of India Limited

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News about Pantaloon Retail (India) Limited - National Stock Exchange of India Limited

January 8, 2007

The media had reports on January 06, 2007 that Pantaloon Retail (India) Ltd. plans to spin off its 'Central' mall division to create a new company. Further, the company also plans to acquire a travel portal in the country.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Pantaloon Retail (India) Ltd. has vide its letter inter-alia stated, "We would like to clarify that our Director has been quoted out of context pertaining to query raised by the journalist about seamless mall business/ other business models. We would like to inform that the Board of Directors of the Company haven't taken any decisions on the said business. The news item is media speculation and as a policy company doesn't comment on media speculations."

Source: National Stock Exchange of India Limited

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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