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Future Ventures inks co-operation pact with LT Group

04 Jun 2012 Evaluate

Future Ventures has entered into co-operation agreement with LT Group. With the help of said pact LT Group will utilize the integrated Food Park facilities that are being developed by Future Ventures for the purpose of setting up a milling, processing and storage facilities for Sona Masuri Rise.

LT Group and Future Ventures will also work towards jointly developing and marketing a vast range of healthy snacks to be manufactured at Daawat Foods facilities, a subsidiary of LT Foods under the private label brand. In addition, the two business groups will also develop and market a wide range of organic staple food being processed by Nature Bio Foods in its in North India.

The integrated food park being set up by Future Venture will provide end-to-end infrastructure and facilities for the food industry, capturing the entire value chain from sourcing to processing and packaging of food products and distribution to retailers.

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.

Future Consumer Share Price

0.33 0.00 (0.00%)
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Peers
Company Name CMP
Redington 220.70
Adani Enterprises 2300.50
Amrapali Industries 17.45
Rashi Peripheral 475.55
PDS 285.60
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