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What is Koutons Retail: Pledging Concerns Rise about?

- The promoters of Koutons Retail India have pledged over 12 lakh shares in the last three weeks, amounting to over 4% of existing equity and 6% of promoter holdings. - Several senior executives have recently left the company, including three directors and two senior executives in the last few months. - Koutons Retail reported significantly weaker than expected results for the first quarter of fiscal year 2011, with net sales down 19.9% and profit down 51.9% year-over-year.

Author

nvkinvestment

Language

EN