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Future Capital Holdings gets approval for the scheme of amalgamation

18 Jun 2011 Evaluate

Future Capital Holdings has received an approval from the High Court of Bombay at the final hearing held on June 17, 2011, for the scheme of amalgamation between the Company and Future Capital Financial Services, a wholly owned subsidiary of the Company and their respective shareholders, having the appointed date of March 01, 2011, providing for amalgamation of Future Capital Financial Services with the company.

For the year ended March 31, 2011, the company’s net profit dropped 25% to Rs 44.15 crore as compared to Rs 59.26 crore for the year ended March 31, 2010. The company has reported net sales / income from operations of Rs 373.44 crore for the year ended March 31, 2011 as compared to Rs 239.29 crore for the year ended March 31, 2010.

Future Capital Holdings is engaged into capital management and investing business. This non banking financial company is part of Future Group. FCH is amongst the fastest growing financial services company in India, with presence in asset advisory, retail financial services and proprietary research.

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