News provider VCCircle said, outside of Biyani subsidiaries, Pantaloon Retail (India) was the largest shareholder of Future Ventures with 18% that will fall to 9.5-10% post issue.
Future Ventures’ R750 crore ($170m) flotation in India has succeeded with a 1.5 times over-subscription for its shares.
News provider VCCircle said, outside of Biyani subsidiaries, Pantaloon Retail (India) was the largest shareholder of Future Ventures with 18% that will fall to 9.5-10% post issue.
Media investor Bennett Coleman, which also has investments in Pantaloon, will see its 12% stake drop to about 6.5%,according to VCCircle estimates.
