Pantaloon Retail: 1 cr warrants allotment to promoters

Pantaloons Retail has declared the allotment of Rs 1 crore warrants to
its promoters’ group company, Future Ideas Realtors India Ltd.

Diving into the details, the company directors have allotted a piece
for Rs 400, aggregating to Rs 400 cr to Future Ideas Realtors India.

The company has allotted shares of the face value of Rs 2 each, at a
premium of Rs 398 a piece, aggregating to Rs 400 each. The company is
aspiring to become Rs 25,000 crore entity by 2013-14. Further the
company aims to add 18 million sq ft of retail space by the end of the
period.