Future Retail has allotted 200, 10.25% Secured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each, aggregating to Rs 20 crore, on private placement basis. The said NCDs shall be listed on Wholesale Debt Market Segment of BSE.
These NCDs have been rated AA- (Under Credit Watch) by Credit Analysis & Research (CARE). The board of directors at their meeting held on October 12, 2015 has taken the note of it.
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.
