Pantaloon Retail's 3.6% Equity Changes Hands in Mumbai Trade

Pantaloon Retail Ltd., India's biggest publicly traded retailer, had about 3.6 percent of equity change hands in a single transaction.

About 5.75 million shares were sold at 359 rupees apiece at 11:42 a.m. local time on the Bombay Stock Exchange in the trading segment for institutions, data on the Bloomberg showed. The deal was about 19 percent higher than the prevailing market price. The buyers and sellers weren't immediately known.

Mumbai-based Pantaloon, which has about 90 Big Bazaar hypermarkets and 130 Food Bazaars, fell 0.1 percent to 301 rupees at 1:29 p.m. local time in Mumbai.

To contact the reporter on this story: Paresh Jatakia in Mumbai at pareshj@bloomberg.net.

To contact the editor responsible for this story: Stephen Foxwell at sfoxwell@bloomberg.net.

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