Future Enterprises has sold 14,99,99,900 equity shares which is 9.02% of equity share capital of Future Consumer (FCL) (formerly known as Future Consumer Enterprise) on July 06, 2017. These shares have been bought by Future Capital Investment, a promoter group company, by way of Block Deal mechanism at prevailing market rate at time of trade.
Consequent to the said transfer, the company has disposed its substantial investment in FCL. The company will continue to hold 100 equity shares in FCL.
Future Enterprises is leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market.
