Future Ventures India (FVIL) has acquired 15,10,378 equity shares of Indus-League Clothing (ILCL), a subsidiary company, aggregating to 5.14% of the paid-up share capital from two of its existing share holders. With this acquisition, FVIL shall now hold an aggregate of 90.84% of the paid-up share capital of ILCL.
ILCL owns some of the leading apparel brands like Indigo Nation, Scullers, Jealous, Urbana, Urban Yoga and exclusive license of ‘Lee Cooper’ apparels and ‘Manchester United’ merchandise.
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 |
---|---|
Adani Enterprises | 3059.35 |
Redington | 216.95 |
Amrapali Industries | 14.72 |
Rashi Peripheral | 317.30 |
Compuage Infocom | 4.36 |
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