Rekha Jhunjhunwala today offloaded 2.8 lakh shares in Future Group firm Pantaloon Retail India for Rs 3.56 crore.

According to information available with the stock exchanges, Rekha Jhunjhunwala, wife of ace investor Rakesh Jhunjhunwala, sold 2,80,589 shares of Pantaloon Retail through open market deal.

The shares were offloaded on an average price of Rs 127 aggregating the deal size to Rs 3.56 crore.

Meanwhile, Mavenvest Financial Services Pvt Ltd purchased 3.24 lakh shares of the retail chain firm for Rs 4.11 crore.

Shares of Pantaloon Retail plunged 5.40 per cent to close at Rs 122.55 apiece on the BSE.