Future Ventures India (FVIL) has made additional investment in Future Consumer Products (FCPL) by way of subscribing to 145,000 2% Cumulative Redeemable Preference Shares of Rs 100 each.
FCPL is a subsidiary of the company where the company holds 90% of its paid-up equity share capital and the balance 10% equity share capital is held by the legendary cricketer Sachin Tendulkar.
FCPL is engaged in product development, designing, branding and distribution of FMCG products under the brand ‘Sach’. FCPL's products are currently sold through various Future Group outlets. For the nine months of the current fiscal ended on December 31, 2011, FCPL has achieved total income of Rs 131.60 lakh.
Future Ventures currently has 13 companies in its portfolio which own brands in fashion, FMCG, food processing and home products. The company invests in businesses which are strategically important to the group's retail business. It plans to use a large part of the funds for acquiring new businesses while a small part of the proceeds will be used to grow the existing businesses.
| Company Name | CMP |
|---|---|
| Redington | 223.40 |
| Adani Enterprises | 2539.40 |
| Amrapali Industries | 18.69 |
| Rashi Peripheral | 500.90 |
| PDS | 288.10 |
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