MoneyWorks4Me

Future Retail hikes stake in SFOL to 61.67%

07 Apr 2016 Evaluate

Future Retail has made further investment in its subsidiary, Staples Future Office Products (SFOL), pursuant to the rights issue, which has resulted in increase of its total holding from 60% to 61.67% of the equity share capital of SFOL. SFOL is in B2B business of office stationery supplies & services under the brand name of ‘Staples’.

Future Retail (formerly known as Pantaloon Retail (India)) is India’s leading retail chain and part of Indian conglomerate Future Group.


Peers
Company Name CMP
Avenue Supermarts 3687.90
Trent 2804.40
Vishal Mega Mart 101.50
PN Gadgil Jewellers 613.50
Aditya Birla Life 83.43
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