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Rediff.com  » Business » Pantaloon Retail, Blue Foods to form JV

Pantaloon Retail, Blue Foods to form JV

Source: PTI
July 31, 2006 13:31 IST
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Looking to set up food courts and specialty restaurants across the country, leading retailer Pantaloon Retail India Ltd has decided to form a joint venture company with Blue Foods Pvt Ltd.

The company on Monday entered into a memorandum of understanding with Blue Foods, which runs various restaurants across the country, to forge the 50:50 JV company, Pantaloon Retail informed the Bombay Stock Exchange.

Shares of the Pantaloon Retail were trading at Rs 1,250, up 1.79 per cent on the Bombay Stock Exchange.

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