Book profit for Pantaloon

PANTALOON RETAIL 160 PUT TG1-4.6 ACHIEVED BOOK PARTIAL PROFIT MAY TAKE NEW POSITION FOR TG2-5.3
..According to CCI, the submission made by these two companies triggers the provisions of Section 6 of the Competition Act. That requires a company to seek CCI’s approval post a merger. It doesn't not hold true right now because so far only a memorandum of understanding has been signed by these companies and the boards' approval has not been taken.

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Pantaloon Retail slips 3% after CCI rejects Birla deal

Shares of Pantaloon Retail, the flagship company of Future Group, fell 3% intraday on Wednesday after the Competition Commission of India has rejected the notice seeking the nod for the Aditya Birla - Pantaloon deal yesterday.

BUY PANTALOON RETAIL 160 PUT ABOVE 4.1 TG-4.6/5.3/6.4 SL-3

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Gold price hits record in India; track overseas mkts

international spot gold prices rose to their highest levels in more than three months, shaking off months of lethargy after minutes from the latest US Federal Reserve meeting fuelled hopes for the swift launch of more bond buying.

THE EQUICOM WORLD MARKET UPDATE:
FTSE +25
CAC +28
DAX 53
DOW FUTURE 46
HANG SENG 235
NIKKEI 46
SGX NIFTY +19
SHANGHAI +5

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