Future Consumer Enterprise has further acquired equity shares aggregating to 28.86% of the paid-up capital of Integrated Food Park (IFPPL). Consequently, IFPPL has now become a subsidiary of Future Consumer Enterprise (FCEL). With the present acquisition, FCEL holds 73.89% of the paid-up capital of IFPPL.
Future Consumer Enterprise is the alternate investment arm of Future Group, India's largest retailer. The Future Group is a business group, led by Kishore Biyani, focusing on consumption-led businesses in India and is also one of India’s leading organized multi-format retailers.
