MoneyWorks4Me

Future Enterprises trims its stake in FSCSL to 57.42%

30 Jun 2016 Evaluate

Future Enterprises has executed shareholders agreement and share purchase agreement for sale of 14% equity shares (12.75% holding of the company and 1.25% holding of management team) of Future Supply Chain Solutions (FSCSL), a subsidiary of the company, to Griffin Partners.

Post sale of 12.75% stake of FSCSL, the company will continue to remain holding company of FSCSL and hold majority stake of 57.42% in FSCSL.

Future Enterprises is leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market.


Peers
Company Name CMP
Avenue Supermarts 3683.00
Trent 2597.90
Vishal Mega Mart 99.85
PN Gadgil Jewellers 580.45
Aditya Birla Life 74.67
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