Pantaloon Retail India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 13, 2009, inter alia, to consider, discuss and approve:
1. Issue of equity shares / convertible securities / warrants convertible into equity shares of the company to the Promoters / Investors on Preferential basis as per the SEBI Guidelines and to fix up the date, time and venue of the Extra Ordinary General Meeting of the members of the Company for this purpose.
2. Restructuring of the Company`s business by realigning the business lines as per verticals and considering to create separate legal entities for the same.
3. The change the name of the Company in view of its new structure.
4. Notice for Postal ballot to take the above items to shareholders.
Not sure if it can each 240 this week..but of course the news that is going to flow is strong enough to take it to the 250-260 levels from now.So keep buying with a stop loss kept at 180.
Lets wait and watch the show....I`m sure biyani is making a surprise move in next fifteen days....Good if we can grab more of this and keep it for 20 days to earn good profit.
| NIFTY 
