Pantaloon Retail (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2011, inter alia, has approved the following:
1. The sale / transfer of the 'ezone' Retail Stores dealing in Consumer Durables & Electronic goods to its wholly owned subsidiaries. The sale / transfer is subject to consent by the requisite majority of the shareholders of the Company and any other statutory or regulatory authorities, which by law may be necessary for giving effect to the above decision.
2. Board authorised conduct of postal ballot for approval of the requisite resolutions by members
Sensex
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Friday, February 11, 2011
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