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Pantaloon Retail OKs 1:10 bonus issue
Posted by Yogesh on Friday, 25 July, 2008
MUMBAI, July 24 – Pantaloon Retail India Ltd , the country’s top listed retailer, said on Thursday its board had approved a bonus issue of one “Class B” share for every 10 “Class A” equity shares held.
A “Class B” share has differential voting rights and is entitled to an additional 5 percent dividend, it said.
Ahead of the news, shares in Pantaloon had ended down more than 4 percent at 360.20 rupees in a weak Mumbai market.
Source Reuters
