MoneyWorks4Me

Future Retail raises funds up to Rs 205 crore on private placement basis

24 Aug 2015 Evaluate

Future Retail has received an approval and allotted of 2,050, 10.25% Secured Redeemable Non-Convertible Debentures (NCDs) of Rs. 10 lakh each, aggregating to Rs. 205.00 crore, on private placement basis.

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.

Peers
Company Name CMP
Avenue Supermarts 3809.70
Trent 2597.40
Vishal Mega Mart 99.60
PN Gadgil Jewellers 581.90
Aditya Birla Life 74.43
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