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Pantaloon Retail has made a preferential allotment of Rs 800 crore to Peter England Fashions and Retail. The allotment is in the form of 800 optionally fully convertible debentures of Rs 1 crore each.
In an exchange filing on Friday, Pantaloon Retail said that Peter England was an investor not forming part of the promoter group.
Peter England Fashions and Retail is an Aditya Birla group company.
The Pantaloon Retail scrip was up 1.8 per cent on the BSE in intra-day trade and was quoting at Rs 167.8 to a share.
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