Future Retail has received an approval and allotted 500, 10.10% Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each, aggregating to Rs 50 crore, on private placement basis. The Committee of Directors of the company at their meeting held on April 28, 2015 has approved for the same.
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.
