Thursday 23 August 2012

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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