Kishore Biyani ups stake in Pantaloon Industries

Kishore Biyani, one of the promoters of Pantaloon Industries, has consolidated his stake in the company to over six per cent. Biyani acquired 3.60 lakh equity shares of Pantaloon Industries through inter-se transfer of shares, taking his holding to 6.14 per cent in the company, it informed the Bombay Stock Exchange. The transfer among the promoter group was carried out between February 26 and March 1. In a separate deal, Kishore Biyani, along with persons acting in concert (PACs), have sold 75,900 shares representing 1.29 per cent stake in the company in inter-se transfer. The PACs include Gopikishan Biyani and Anil Biyani, partners of Bansi Silk Mills along with Kishore Biyani. As on December 31, 2006 promoters and the promoters group held 59.33 per cent stake in Pantaloon Industries.

Courtesy: EconomicTimes
For more detail on Retail India visit : www.retailindia.tv