Pantaloon Retail fixes Rs.415 as price for QIP placement

Pantaloon Retail India Ltd has announced that the meeting of the Committee of Directors of the Company held on December 15, 2006, inter alia, has taken the following decisions:

The committee has in consultation with Enam Financial Consultants Pvt Ltd, Bookrunner to the issue and on the basis of the analysis of Bid- Form received from the Qualified Institutional Buyers (QIBs) pursuant to the proposed issue of Equity Shares through Qualified Institutional Placement (QIP) under Chapter XIII-A of SEBI (Disclosure & Investor Protection) Guidelines, 2000 has fixed the issue price of Rs 415/- (including the Premium of Rs 413/- per Share) per Equity Share of the face value of Rs 2/- each.

The issue price is above the floor price calculated under clause 13 A.3 under Chapter XIII-A of SEBI (Disclosure & Investor Protection) Guidelines, 2000.

Source : Equity Bulls

Keywords