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Moneycontrol.com >> Message Board >> View Messages >> Pantaloon Ret
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NSE Announcements on Pantaloon Ret (1)   25-Jul-08 10:27Tracked by (0)  
Posted by:   MMB Messenger on ( 25-Jul-08 10:27 )
Price : [Pantaloon Ret - BSE:Rs. 366.00 NSE:Rs. 367.00 when posted]
Pantaloon Retail (India) Ltd. has informed the Exchange that: "In the Meeting of the Board of Directors held on Thursday, the 24th July 2008, the Board inter-alia took the following decisions: (1.) Board has approved the issue of one equity share with differential rights for dividend and voting called as "Class B Share", having nominal value of Rs.2/- each credited as fully paid up by way of bonus issue for every 10 Equity Shares (hereinafter called as "Class A Shares") held by the members of the Company, subject to passing of the requisite resolutions by members and subject to all statutory and regulatory approval.(a) The Class B Shares would be entitled to additional 5% dividend in addition to the dividend entitlement of the existing Class A Shares.(b) Class B Shares would carry one vote per ten such Class B Shares".
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