Pantaloon Inds may be delisted from BSE

Pantaloon Industries will hold an extra-ordinary general meeting (EGM) on November 28 for delisting from the BSE.

According to a release issued by Pantaloon to the BSE today, the delisting will be pursuant to an offer from Manz Retail and PFH Entertainment, part of the promoter group of the company, to acquire the entire public shareholding in the company.

"Manz Retail and PFH Entertainment has announced their intention to acquire public shareholding in the company, presently 23,82,800 fully paid-up equity shares of Rs 10 each aggregating 40.67% of the paid-up equity share capital of the company, by making a voluntary delisting offer to the shareholders of the company," the release added.

The release, however, did not mention any price at which the shares would be bought from the public shareholders.