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Pantaloon Retail plans to sell 22.5 pct stake in insurance venture

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Reuters MUMBAI
Last Updated : Mar 08 2013 | 7:00 PM IST

MUMBAI (Reuters) - Pantaloon Retail, India's top listed retailer by sales, plans to sell a 22.5 percent stake in insurance venture Future Generali to non-banking financial company Industrial Investment Trust Ltd, it said in a statement on Friday.

The retailer did not provide any further details of the transaction.

(Reporting by Nandita Bose; Editing by Subhranshu Sahu)

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First Published: Mar 08 2013 | 6:42 PM IST

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