Koutons Retail India Ltd has informed that the Board of Directors of the Company at its meeting held on January 08, 2008, inter alia, has decided to subscribe or otherwise invest in the Equity Shares and / or such securities, as the DBG Retail Holdings Ltd, a wholly owned subsidiary of the Company has offered or may offer / issue, utilizing the proceeds of the public issue under the head General Corporate Purposes and / or out of the internal accrual of the Company upto an amount of Rs 120,000,000/- (Rupees One Hundred and Twenty Million only) for acquiring 51% or more stake by such subsidiary in Touchwood International Pvt Ltd, the owner of Upper Class Brand and which has presence in the ladies and Gents segment.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment