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Birla reconsiders AB Nuvo-Pantaloon deal

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  • Published On: August 29, 2012
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According to media reports, Aditya Birla Nuvo is set to rework its deal for a controlling stake in retail-major Pantaloons after it reported weak results in the June quarter, leading to a slight drop in deal valuation. Kumar Mangalam Birla had earlier announced plans to buy a 50.1 per cent stake in Pantaloons for Rs 800 crore.
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