Future Retail has approved and allotted 6,000 Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each carrying a coupon rate of 10.25%, aggregating to Rs 600.00 crore, on private placement basis. The Committee of Directors of the company at their meeting held on April 06, 2015, had taken the note of it.
The said NCDs shall be listed on Wholesale Debt Market Segment of BSE. These NCDs have been rated ‘AA-‘ by Credit Analysis & Research (CARE).
Future Retail (formerly known as Pantaloon Retail (India)) is India’s leading retail chain and part of Indian conglomerate Future Group. It operates retail space spread over more than 11 million square feet.
