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    Default Pantaloon to transfer value retail biz to Future Value Retail

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    Leading retail company Pantaloon Retail (India) Ltd today said it will transfer its value retail business to its group company, Future Value Retail.



    The company's committee of directors at a meeting held yesterday approved transfer of value retail business of the company to Future Value Retail--a wholly-owned subsidiary, Pantaloon Retail (India) said in a filing to the Bombay Stock Exchange.

    Pantaloon's value retail business would be transferred with ''all its assets, rights, liabilities or obligations of all nature and kind, along with its employees related to value retail business on an on-going concern basis,'' it added.




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