Pantaloon's Gambit ; the Restructuring of Pantaloon Retail Is Being Seen As a Well- Planned Move to Get Fdi to Fund Expansion of Its Retail Business.
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Summary
Old wine in a new bottle that's the view prevailing in the market about the restructuring plan announced by Pantaloon Retail (India) Ltd (PRIL) in mid-April. The predominant thinking is that the main motive behind the ostensible realignment of PRIL's retail and fashion businesses is to raise funds, including via foreign direct investment (FDI), for the group's retail business, which is creaking under its debt burden in the current environment.
According to the plan, PRIL will be renamed as Future Markets and Consumer Group as the new holding company for businesses such as financial services, insurance, logistics, knowledge services and media. It will also have a 100 per cent subsidiary, Future Fashion Merchandising Ltd (FFML), which will make and distribute fashion products. FFML will have a 100 per cent subsidiary, Future Consumer Enterprises (FCE), which will include the retail businesses.See the full content of this document
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Pantaloon's Gambit ; the Restructuring of Pantaloon Retail Is Being Seen As a Well- Planned Move to Get Fdi to Fund Expansion of Its Retail Business.
According to analysts, the group's gameplan is to attract FDI up to 49 per cent in F...
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