Pantaloon Founders Sell B Shares in Block Trades on Exchange

Pantaloon Retail India Ltd. (PF)’s founders sold the company’s B shares on the Bombay Stock Exchange today.

Kishore Biyani and family members sold about 2.54 million B shares on the Bombay Stock Exchange, data from the exchange’s website showed. The B shares carry reduced voting rights and entitle shareholders to an additional dividend of 5 percent. PFH Entertainment Ltd. bought 2.59 million shares, data showed.

To contact the reporter on this story: Pooja Thakur in Mumbai at pthakur@bloomberg.net.

To contact the editor responsible for this story: Andreea Papuc at Apapuc1@bloomberg.net.

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