×
89 129
Fashion Jobs
URBN
Urbn IT Business Systems Analyst, Merchandising Systems
Permanent · PHILADELPHIA
URBN
Free People: Senior Buyer, Denim/Bottoms
Permanent · PHILADELPHIA
UNDER ARMOUR
Stock Teammate, Part-Time, Starting Pay $15 Per Hour
Permanent · TULALIP BAY
COLUMBIA SPORTSWEAR COMPANY
Operations Manager - Swing Shift
Permanent · PORTLAND
BLOOMINGDALE'S
Asset Protection Detective, Full Time, Roosevelt Field
Permanent · GARDEN CITY
BLOOMINGDALE'S
Manager, Sales - Fine Jewelry
Permanent · ORLANDO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Bloomie's
Permanent · FAIRFAX
ADIDAS
Retail General Manager Adidas - Sawgrass Mills 6156, Sunrise, fl
Permanent · SUNRISE
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · PALO ALTO
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · TUCSON
URBN
Anthropologie Design Director - Furniture
Permanent · PHILADELPHIA
URBN
Anthropologie Design Director - Fabric & Textile Concept
Permanent · PHILADELPHIA
URBN
Free People Associate Merchandise Planner
Permanent · PHILADELPHIA
BATH & BODY WORKS
Manager, Public Relations & Influencer
Permanent · REYNOLDSBURG
COLUMBIA
International Marketing Manager
Permanent · PORTLAND
URBN
Urbn Financial Analyst
Permanent · PHILADELPHIA
URBN
Free People CRM Analyst
Permanent · PHILADELPHIA
URBN
Free People Assistant Visual Manager
Permanent · WASHINGTON
BATH & BODY WORKS
Senior Manager, Stores Learning And Development
Permanent · COLUMBUS
TUMI
Director, Global Marketing
Permanent · NEW YORK
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODBURY
By
Reuters
Published
Jun 9, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

TPG in lead to buy stake in India's Pantaloon

By
Reuters
Published
Jun 9, 2009

MUMBAI, June 9 (Reuters) - U.S.-based private equity firm TPG is leading the race to buy a less than 15 percent holding in Pantaloon Retail (India) Ltd (PART.BO), the Mint reported on Tuesday 9 June, citing two people familiar with development.


Pantaloon Retail India

The talks are in an advanced stage and the India's top listed retailer is looking at about 400 rupees a share, the newspaper said.

Shares in Pantaloon, worth $1.2 billion, fell 4.3 percent on Monday 8 June to 299.55 rupees. The shares have appreciated about 38 percent so far this year, underperforming the main index that has gained more than 50 percent.

Pantaloon Managing Director Kishore Biyani told the paper the information was speculative.

"We will not be able to provide any comments," the paper quoted TPG India's managing director, Puneet Bhatia, as saying in an email.

Pantaloon's board approved on Monday 8 June raising up to 10 billion rupees ($210 million) in long-term funds through sale of shares to investors.

Pantaloon, which needs the cash to expand its network of stores, had also been in talks with Bain Capital and Apax Partners Inc, the paper said.

A spokesman for Pantaloon could not be immediately reached for comment. ($1 = 47.6 rupees) (Reporting by Janaki Krishnan)

© Thomson Reuters 2022 All rights reserved.

Tags :
Retail