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Future Lifestyle Fashions hikes stake in ITCPL to 72.16%

25 Feb 2015 Evaluate

Future Lifestyle Fashions has made further investment in Indus Tree Crafts (ITCPL) to increase its total stake from 63.34% to 72.16% of the paid-up capital of ITCPL.

ITCPL is engaged in the business of designing, creating, exporting, domestic retailing and distribution of a wide range of environmentally and socially sustainable products under brand name ‘Mother Earth’.

Future Lifestyle Fashions has been formed through the demerger of the lifestyle fashion businesses of Future Retail (formerly Pantaloon Retail (India)) and Future Ventures India. It has a strong portfolio of owned and licensed brands and has established retail presence pan-India.

Peers
Company Name CMP
Avenue Supermarts 3830.00
Trent 2666.00
Vishal Mega Mart 103.50
PN Gadgil Jewellers 606.65
Aditya Birla Life 78.73
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