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Pantaloon Retail to go ahead with the merger

Pantaloon Retail today said its board had approved the merger of the consumer durables and home improvement units of its subsidiary, Home Solutions Retail, with itself.


February 25, 2010  |  comments ( 4 )  | 
Pantaloon Retail to go ahead with the merger

Pantaloon Retail today said its board had approved the merger of the consumer durables and home improvement units of its subsidiary, Home Solutions Retail, with itself. 

Under the plan to merge the two units with itself, effectively four lines of business — consumer durables, home furnishing, home improvement and furniture — will be spun-off from Home Solutions Retail and transferred to Pantaloon Retail India Ltd (PRIL), which holds about 67 per cent in the subsidiary. 

The company also said it would acquire the sports retail business from its wholly-owned subsidiary, Winner Sports Ltd. 

Now the merger proposal will be placed before PRIL’s shareholders for the final approval.


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kenon February 26, 2010 at 11:24 pm

hi, we are in garment bussiness since last 2 years now we want to join with pantaloons group on franchisee or distributorship basis. so if thr any franchisee oppertunity for us than plz contact us on 9426103301. we are intrested for surat gujrat.

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ashok bhatt February 26, 2010 at 5:42 am

sir/mam,i want to be a franchise with it....plz send me further details

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Devendra Singh Rathore February 26, 2010 at 2:52 am

sir / madam i wanted to open ur showroom in kanpur.please tell me the full detail about the procedure of ur company

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atul shah February 25, 2010 at 6:31 pm

Congrates to Kishorji for a timely decision for a Merger. ofC.D & H.I. with PRIL now the Future Value Retail Ltd. I have been a day to day eye witness of the growth of PRIL eversince 2004, and am confidnet the merger will give ample scoe to C.D & H.I. Wishing the group a steady & firm growth under the Flagship of Shri Kishoreji Best of luck atul shah 9898809898

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