Don’t miss the latest developments in business and finance.

Pantaloon to consider biz restructuring

Image
Reuters Mumbai
Last Updated : Jan 21 2013 | 2:06 AM IST

Pantaloon Retail, the country's top retailer, said on Friday it will consider options for restructuring and divestment to cut debt and consolidate its retail business.

It will set up a committee to consider various options and submit proposals to the board, it said, without elaborating.

Earlier, it posted a nearly 72% drop in its December quarter net profit to Rs 5.64 crore.

More From This Section

First Published: Feb 10 2012 | 12:00 AM IST

Next Story