Pantaloon Retail (India) Ltd. has informed the Exchange that subsequent to the approval accorded by the Shareholders of the Company under Section 81(1A) and other applicable provisions of the Companies Act, 1956, at their Extraordinary General Meeting held on July 07, 2009, to the issue and allot by way of Qualified Institutional Buyers (QIBs) in terms of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (SEBI Guidelines) through one or more placements of equity shares / fully convertible debentures (FCDs) / partly convertible debentures (PCDs) / non-convertible debentures (NCDs) with warrants or any securities (other than warrants) which are convertible into or exchangeable with equity shares at a later date not exceeding Rs. 1000 crores inclusive of such premium as may be determined by the Board. The duly authorized Committee of Directors has decided to make an issuance of Equity shares of face value Rs.2/- each up to an amount not exceeding Rs. 500 crores in the Company, to QIBs under the said Qualified Institutions Placement and for this purpose, to open the issue. The Authorised Person(s) have also approved the Preliminary Placement Document in respect of the Equity shares proposed to be issued as aforesaid.